Stable Secures Strategic Investment from KuCoin Ventures
Deal News | Jul 31, 2025 | PR Newswire Cision KuCoin
KuCoin Ventures, a prominent investment branch of the global cryptocurrency exchange KuCoin, has announced a strategic investment in Stable, which claims the title of the world's first Layer1 blockchain fueled by USDT. Positioned uniquely to serve stablecoin issuance and settlement, Stable aims to contribute to the creation of a global stablecoin clearing and settlement network. The project addresses current blockchain challenges, including fluctuating fee structures and slow confirmation times, with innovations like use of USDT as native gas which simplifies user transactions. Supported by notable players like Tether and Bitfinex, and with Paolo Ardoino from Bitfinex advising, the funding round saw contributions from both crypto-native and traditional finance investors, like Franklin Templeton. Through this investment, KuCoin Ventures is furthering its strategic interests in enhanced cryptocurrency payment infrastructure and promoting the stablecoin economy.
Sectors
- Cryptocurrency
- Blockchain Technology
- Financial Services
Geography
- Turks and Caicos Islands – The article originates from a source based in Providenciales, Turks and Caicos Islands, where KuCoin Ventures made the announcement.
Industry
- Cryptocurrency – The article involves KuCoin Ventures investing in a new cryptocurrency project called Stable.
- Blockchain Technology – Stable is a blockchain infrastructure project specifically targeting stablecoin transactions using Layer1 blockchain technology.
- Financial Services – The involvement of companies like Franklin Templeton highlights a crossover with traditional finance as it participates in innovative financial projects.
Financials
- Not specified – The exact financial details of the investment by KuCoin Ventures in Stable were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| KuCoin Ventures | Investor | Company | The investment arm of the global cryptocurrency exchange KuCoin, focusing on disruptive blockchain and crypto projects. |
| Stable | Target Company | Company | A blockchain project developing the first Layer1 blockchain powered by USDT for stablecoin transactions. |
| Tether | Supporter | Company | A major player in the development of stablecoins, providing support to Stable. |
| Bitfinex | Supporter | Company | A supporter of the Stable project, with its CTO also serving as a project advisor. |
| Paolo Ardoino | Project Advisor | Person | Chief Technology Officer at Bitfinex and advisor on the Stable project. |
| Hack VC | Investor | Company | One of the investing participants in the funding round for Stable. |
| Franklin Templeton | Investor | Company | A leading global investment company involved in the funding round, indicating traditional finance interest in stablecoins. |