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Stable update white paper: 82% of STABLE tokens locked until the end of 2029 will be released

Stable has released an updated white paper, whose core design concept is to rebuild blockchain infrastructure around stablecoins. Unlike traditional public chains that treat stablecoins as application layer assets, Stable uses USDT as a native Gas asset and primary settlement asset, allowing users to complete transactions without holding additional volatile tokens. At the same time, the network supports PYUSD issued by PayPal as a primary settlement asset.In terms of token economics, the total supply of STABLE is 10 billion tokens. Among them, approximately 1.8 billion tokens (18%) were in circulation at the time of token generation, including 10% for Genesis Distribution and 8% for the foundation's first-day unlock; the remaining 8.2 billion tokens (82%) will enter a Universal Lock pool.The white paper indicates that the 8.2 billion locked tokens will adopt a unified release mechanism, unlocking gradually in 7 phases:Phase 1: 5% (410 million tokens) released on December 8, 2027Phase 2: 5% (410 million tokens) released on March 8, 2028Phase 3: 10% (820 million tokens) released on June 8, 2028Phase 4: 15% (1.23 billion tokens) released on September 8, 2028Phase 5: 15% (1.23 billion tokens) released on December 8, 2028Phase 6: 20% (1.64 billion tokens) released on March 8, 2029Phase 7: 30% (2.46 billion tokens) released on June 8, 2029All locked tokens will be unlocked through daily linear release, expected to be fully in circulation by December 8, 2029, at the latest. Additionally, the white paper sets a price protection mechanism; if the volume-weighted average price of the token is below $0.025 in the 30 days prior to the specified release date, the relevant unlocking phase may be postponed by up to 9 months.

first_img Etherealize CEO warns Wall Street about the revival of alliance chains: Fragmenting the ecosystem will undermine blockchain interoperability

Vitalik Buterin and Etherealize co-founder and CEO Vivek Raman, supported by the Ethereum Foundation, warned that Wall Street's renewed enthusiasm for private, permissioned "consortium chains" is recreating a fragmented system, undermining the interoperability and liquidity that blockchain should bring, akin to "race to the bottom." He pointed out the rise of gated networks such as Digital Asset's Canton Network, Circle's ARC, and Stripe's Tempo, reminiscent of the R3 and Hyperledger consortium chains 2.0 from years past, where institutions will ultimately find themselves in a situation of competing consortium chains, needing permission or membership to participate.Raman emphasized that the Ethereum mainnet should serve as a globally open, permissionless foundation layer similar to HTTP, where institutions can overlay permission and privacy features at the application layer or L2 to achieve maximum interoperability and liquidity. Etherealize is committed to attracting TradFi to embrace Ethereum, which has already hosted billions of dollars in tokenized assets and supported a large amount of DeFi settlements. The company received seed funding from Buterin and the foundation in January 2025 and completed a $40 million Series A financing in the same year.He cited examples such as BlackRock's new fund based on Ethereum, stating that once regulations are clear, institutional funds are more inclined towards open network tracks that are not proprietary; choosing consortium chains would require paying the consortium and being bound by its rules, with incentives for non-early members quickly fading. Christian Catalini, founder of the MIT Cryptoeconomics Lab, also pointed out that if permissioned networks driven by enterprise sales become mainstream, some competitive benefits of blockchain may not be realized.
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