On December 8, 2025, at 13:00 UTC, the Stable mainnet—a Layer 1 blockchain supported by Bitfinex and Tether (the issuer of USDT)—will officially launch. Its native token, STABLE, will begin spot trading on several exchanges, including Gate.
As of December 8, Gate market data shows STABLE is currently priced at $0.0353, up 10% in the past 24 hours and 30% over the past week. The current circulating market capitalization is approximately $750 million.
01 Project Background: A High-Performance Blockchain Focused on Stablecoins
Stable positions itself as a high-performance blockchain network dedicated to serving stablecoins.
Its core design feature is the direct use of USDT as the network’s native gas fee. This enables sub-second transaction settlement and allows users to make peer-to-peer transfers without any gas fees.
By separating payment settlement stability from network utility, users no longer need to hold or manage volatile governance tokens to pay transaction fees. This lowers the barrier to entry, and the project team believes this approach will better attract institutional capital.
02 Tokenomics: STABLE’s Role and Distribution
Unlike many public blockchains, the STABLE token is not used to pay network fees. Instead, its primary functions are to secure the network, participate in governance, and incentivize ecosystem growth.
According to the project’s published tokenomics, STABLE has a fixed total supply of 100 billion tokens with no inflation.
Distribution is as follows:
- Genesis Allocation: 10% of the total supply is reserved for initial liquidity, community activation, and event incentives at mainnet launch. These tokens will be fully unlocked when the mainnet goes live.
- Ecosystem & Community: The largest share at 40%, dedicated to developer grants, liquidity initiatives, partnerships, and community development.
- Team & Investors: Each receives 25%, with both allocations subject to a one-year lockup (zero unlock in the first year), followed by linear vesting over four years.
STABLE uses a DPoS (Delegated Proof-of-Stake) consensus mechanism. Token holders can stake STABLE to become validators or delegate tokens to validators, thereby participating in network maintenance and earning a share of network fees denominated in USDT.
Additionally, holders can participate in governance through DAO voting, deciding on key matters such as protocol upgrades and support for new stablecoins.
03 Market Performance: Pre-Launch Hype and Controversy
Before the mainnet launch, Stable attracted significant market attention through two deposit campaigns. Combined, these events drew approximately $1.325 billion in deposits, reflecting strong market enthusiasm.
However, the first campaign sparked controversy over alleged "insider deposits," with large sums reportedly deposited before the official announcement, leading to community concerns about unfair advantages.
According to prediction market Polymarket, as of December 8, the probability that STABLE’s fully diluted valuation will exceed $2 billion on the day after launch is over 85%. Based on this conservative estimate, the corresponding STABLE price would be around $0.02.
Meanwhile, on perpetual contract platforms like Bitget, STABLE’s pre-launch price ranged from about $0.032 to $0.035, implying a fully diluted valuation between $3 billion and $3.5 billion.
04 Gate Ecosystem Week: Multiple Campaigns Share 30 Million STABLE
To celebrate STABLE’s launch and reward users, Gate has partnered with the project team to host "STABLE Ecosystem Week," offering a total of 30 million STABLE tokens in airdrop rewards through various participation channels.
| Campaign Name | Reward Pool (STABLE) | Core Participation Method | Status/Features |
|---|---|---|---|
| Zero-Fee Withdrawals | - | Single withdrawal ≥ 20 USDT equivalent | Ongoing, end date to be announced |
| CandyDrop (Round 120) | 4,000,000 | Complete designated trading tasks | Shared airdrop |
| Launchpool | 4,000,000 | Stake platform tokens (e.g., GT, GUSD) | Stake to earn rewards |
| Wallet BountyDrop | 8,000,000 | Complete wallet-based social and on-chain tasks | New airdrop project |
| Earn Products | 8,000,000 | Deposit assets into Earn products | Participate to share rewards |
| Futures Trading Benefits | 6,000,000 | Join futures trading competitions | Coming soon, first-come, first-served |
Launchpool is a signature feature on Gate, where users can stake GT, GUSD, and other platform assets to share new token airdrops based on their staking proportion. Past events have shown that early and balanced staking helps maximize reward shares.
BountyDrop is Gate Wallet’s airdrop task platform, where users can earn project airdrops by completing simple tasks such as following on Twitter, joining communities, or making on-chain swaps—a low-barrier way to participate.
Earn Products offer a "yield generation" option. Users can deposit idle USDT and other assets into relevant Earn plans to receive stable interest, while also sharing in the Ecosystem Week reward pool for compounded returns.
05 Price Outlook: Balancing Risks and Opportunities
Market opinions on STABLE’s future price are divided.
Optimists point to its strong backing (Bitfinex/Tether), clear stablecoin-centric narrative, and impressive early capital inflows as factors that could drive short-term momentum and price appreciation.
There’s particular anticipation that Stable might replicate the performance of previous breakout projects like Plasma.
On the other hand, cautious voices highlight that since STABLE is not used for network gas, its utility may be largely limited to staking and governance, making its function somewhat singular.
Given the current tightening of overall market liquidity, the token price could face "peak at launch" risk followed by rapid correction. Additionally, the 50% of supply allocated to the team and investors will begin linear unlocking after one year, representing future supply pressure to monitor.
Overall, STABLE is likely to experience significant volatility at launch due to event-driven speculation and airdrop expectations. For regular users, participating in Gate Ecosystem Week activities to acquire STABLE at zero or low cost is a more prudent strategy than chasing high prices on secondary markets.
Rewards earned through Gate’s Launchpool, BountyDrop, and other campaigns can be sold for profit or held for staking participation, depending on market conditions and personal judgment.
Looking Ahead
With the mainnet set to activate at 13:00 UTC on December 8, all value assumptions about STABLE will be tested in real trading.
On Polymarket, odds on whether its market cap will hold above $2 billion fluctuate with each transaction. On Gate, over 30 million STABLE tokens await distribution to users participating in staking, trading, and yield-generating activities.
