​​Stable

Stable is a Layer 1 blockchain designed specifically around the USDT stablecoin ecosystem, using USDT as its native gas token so that users pay transaction fees in a stable-value asset rather than in a volatile cryptocurrency. The project targets payment processors, fintech companies, enterprises, and decentralised finance applications that need fast, low-cost settlement without exposure to unpredictable gas costs. Its stated purpose is to make cross-border payments and on-chain financial activity more accessible and operationally predictable for both retail users and institutions.

The data on file does not specify the consensus algorithm Stable uses, and the block time recorded is zero, so a precise mechanical description of block production cannot be given. What is known is that the STABLE token exists on a chain that also participates in the BNB Chain, HyperEVM, and Hyperliquid ecosystems, suggesting interoperability with those networks. The STABLE token itself is the native asset of the chain, while USDT serves as the medium for paying gas fees, a design intended to separate the cost of using the network from the price movements of the chain's own token.

The data on file does not record a fee revenue stream for the Stable protocol, which means this site carries no figures for protocol earnings, fee-based yield, or revenue-derived multiples. The total value locked on the chain stands at 32,555,920.59 USD at the point measured, and the stablecoin supply hosted on it is 22,639,367.61 USD at the same point. The market capitalisation-to-TVL ratio is 21.93 and the fully diluted valuation-to-TVL ratio is 85.12, both point-in-time figures that reflect how the market values the chain relative to the assets sitting on it, though without a fee stream those ratios cannot be grounded in earned revenue.