What is Stable? A Comprehensive Analysis of the STABLE Token and Guide to Participating in the Gate Ecosystem Week

At 21:00 Beijing time on December 8, 2025, the Layer 1 blockchain Stable mainnet, supported by Bitfinex and Tether (the issuer of USDT), will officially go live. Its native token, STABLE, will also begin spot trading on multiple exchanges, including Gate.

As of December 8, according to Gate market data, STABLE is currently quoted at $0.0353, up 10% in the past 24 hours, and up 30% over the past 7 days. Its current circulating market cap is approximately $750 million.

01 Project Background: A High-Performance Public Chain 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, aiming for sub-second transaction settlement and enabling gas-free peer-to-peer transfers between users.

This design separates the stability of payment settlement from the functionality of network use. Users do not need to hold or manage highly volatile governance tokens to pay fees, lowering the barrier to entry. The project team believes this can better attract institutional capital.

02 Tokenomics: STABLE’s Role and Allocation

Unlike many public chains, the STABLE token is not used to pay network fees. Its main purpose is to maintain network security, participate in governance, and incentivize the ecosystem.

According to the project’s published tokenomics, STABLE has a fixed total supply of 100 billion tokens, with no inflationary emissions.

The allocation is as follows:

• Genesis Distribution: 10% of the total supply, used for early liquidity guidance, community activation, and activity incentives during the mainnet launch. This portion will be fully unlocked at mainnet launch.
• Ecosystem and Community: The largest share at 40%, for developer grants, liquidity programs, partnerships, and community development.
• Team and Investors: 25% each. Both portions are subject to a 1-year lock-up period (zero unlock in the first year), followed by linear release over 4 years.

STABLE adopts 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 rewards in USDT from network fees.

Additionally, holders can participate in governance via DAO voting to decide on key matters such as protocol upgrades and supporting new stablecoins.

03 Market Performance: Pre-Launch Hype and Controversy

Before the mainnet launch, Stable attracted significant market attention through two rounds of pre-deposit campaigns. The two rounds drew a total of approximately $1.325 billion in deposits, demonstrating extremely high market enthusiasm.

However, the first round sparked controversy within the community over suspected “insider trading,” as large amounts of funds were deposited before the official announcement.

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%. At this conservative valuation, the corresponding STABLE price would be about $0.02.

Meanwhile, on perpetual contract markets like Bitget, STABLE’s pre-market price was around $0.032 to $0.035, corresponding to a fully diluted valuation of $3 billion to $3.5 billion.

04 Gate Ecosystem Week: Multiple Activities to Share 30 Million STABLE

To celebrate the launch of STABLE and give back to users, Gate and the project team have launched “STABLE Ecosystem Week,” offering a total of up to 30 million STABLE tokens in airdrop rewards, covering multiple participation methods.

Launchpool is a featured section on Gate, allowing users to stake platform assets like GT and GUSD to share new token airdrops according to their stake proportion. Past events have shown that early and even staking helps achieve better returns.

BountyDrop is an airdrop task platform within Gate Wallet, where users can earn project airdrops by completing simple tasks like following on Twitter, joining communities, and making on-chain swaps—a low-barrier participation method.

Earn Product offers an “interest-earning” 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, achieving compounded returns.

05 Price Outlook: Risks and Opportunities

Market opinion on STABLE’s future price is divided.

Optimists believe that its strong backers (Bitfinex/Tether), clear stablecoin public chain narrative, and the immense capital attracted in early rounds may bring hype and upside potential in the short term.

Especially when compared to previously popular projects like Plasma, the market hopes Stable can replicate similar performance.

However, cautious voices are equally prominent. Critics point out that since STABLE is not used as network gas, its actual utility may be largely limited to staking and governance, making its functionality somewhat singular.

In the current environment of tightening market liquidity, the token price may face the risk of “peaking at launch” followed by a rapid correction. In addition, the 50% of tokens allocated to the team and investors will begin linear unlocking after one year, which will be a future supply pressure to watch.

Overall, STABLE may experience high volatility in the early stages due to event-driven and airdrop expectations. For ordinary users, participating in various Gate Ecosystem Week activities to obtain STABLE tokens at zero or low cost is a more prudent strategy than buying at a premium on the secondary market.

For rewards obtained through Gate’s Launchpool, BountyDrop, and other activities, users can choose to sell for cash at an appropriate time or continue holding for network staking, based on market conditions and personal judgment.

Outlook

With the mainnet officially launching at 9:00 p.m. Beijing time on December 8, all value hypotheses about STABLE will begin to be tested in real trading.

On Polymarket, the odds on whether its market cap can hold above $2 billion fluctuate with every trade. On the Gate platform, more than 30 million STABLE tokens are waiting to be shared among users participating in staking, trading, and earn products.