Bringing Simplicity to Stablecoins

The rise of stablecoins has created a new financial backbone, one that now needs its own infrastructure layer.

Meet Stable - a Layer-1 designed for seamless financial transactions, powered by USDT as the native gas token. No volatile gas tokens, no fragmentation across chains, just pure, frictionless dollar movement… and they’ve even coined their own term for their chain: “Stablechain”.

In a cycle crowded with complexity, Stable is going the other direction: simplify everything. On this chain, USDT is gas, transactions are instant, and transfers can be gas-free via account abstraction. It’s fast, clean, and it’s already funded - with $28M from Bitfinex, Hack VC, and others to build the kind of rail the world’s most used digital dollar deserves.

While others are building for everything, Stable is building for one thing - and doing it well.

This isn’t speculation anymore. It’s settlement.

We’ve been promised programmable money for years, and stablecoins quietly delivered it.

Today, you can send USDC to a contractor in five seconds. You can wire USDT across borders with zero bank involvement. You can run payroll, sweep treasuries, automate invoices, or fund DAOs in stablecoins - and it all works.

Visa settles in stablecoins. Mastercard accepts stablecoin card rails. PayPal moves PYUSD across Solana with no gas. Binance settles billions with FDUSD. Dozens of wallet apps let people send and receive stablecoins like they’re using a fintech app, not a blockchain.

The backend of global finance is getting rebuilt, and it’s stablecoins (not yield farming) leading the way.

USDT powers the majority of on-chain settlement today, but existing blockchains weren’t designed for stablecoin payments at this scale. It now needs dedicated payment rails — predictable, compliant, and built for global use. That’s where Stablechain becomes essential.

What’s driving the rise of stablecoin chains?

Here’s the thing: most chains weren’t built for payments. They were built for smart contracts, governance layers and speculative assets. Stablecoins work on them, but not because of them.

Now we’re seeing chains emerge that start with stablecoins as the native asset, not an afterthought.

Tempo, backed by Stripe, is optimized for programmable merchant settlement.
Arc, from Circle, is building a regulatory-aligned base layer for enterprise-grade stablecoin finance.
Plasma, from Bitfinex, is chasing low-latency stablecoin use cases.
TON, linked to Telegram, is exploding in P2P stablecoin volume across Asia and emerging markets.
Pi Squared, as dollars move faster, so must the apps behind them. Pi Squared is tackling one of the biggest bottlenecks: how do you prove a computation happened correctly? Their Fast zk layer brings trust and speed to stablecoin infra.

Stable is among the most focused approaches - not trying to be everything, just useful.

In fact, it’s already proving to be - for wallets, PSPs, marketplaces, and consumer apps that want instant USDT transfers without extra tokens or extra steps.

This isn’t just a UX upgrade, it’s a mental model shift.

So who else is winning?

Let’s zoom out. The leaders look like this:

Tether (USDT) still dominates overall volume and cross-border flows, with $170B+ in circulation and a new U.S.-compliant version, USAT, on the way.
USDC (Circle) thrives in the fintech and enterprise world, and Arc adds a programmable L1 to the mix.
PYUSD (PayPal) is carving out the most consumer-friendly route to stablecoin usage - zero fees, native integration, instant on/off ramps.
FDUSD is firmly embedded in exchange flows, especially in Asia.
Stables, an Australian fintech, is making real-world stablecoin spending seamless through Mastercard-linked wallets.
Reveel, while not a chain or an issuer, is one of the few identity layers helping all of this feel usable. Its stablecoin “Pay(ID)” and developer tools make sending money to a human-readable name feel more like Venmo than crypto.

All of this points to a simple truth: stablecoins are no longer a layer on top of crypto - they’re becoming the infrastructure itself.

Stable is doing it differently

Most chains are still juggling dual-token models, or building apps on top of layers that were never meant to handle payment logic. Stable starts with just one job: move USDT, fast and without fuss. It removes friction:

You don’t need to swap tokens to cover gas
You don’t need to pick a chain
You don’t need to explain bridge risk to your users

Just send USDT. It arrives. That’s it.

For builders, this unlocks real applications: wallets with no surprise fees, marketplaces with dollar-denominated rails, payroll flows that just run.

Stable isn’t just another chain. It is designed around what stablecoins were meant to enable: fast, gas-free, and programmable payments that connect users, platforms, and enterprises on a single stablecoin rail.

The numbers back it up

The total stablecoin market cap sits around $289B, climbing steadily since late 2024
USDT remains dominant, but USDC, PYUSD, and FDUSD are growing fast
Ethereum still leads in stablecoin TVL, but Solana, Base, TON, and soon Stable are now showing stronger payment usage patterns - fast, small-value, recurring transactions

These are not trading volumes, they’re more like utility volumes.

What still needs work

Despite all the progress, there’s plenty to build:

Programmable split-payments, treasury logic, and receivables for platforms and marketplaces
Smart, compliant wallets for employees, contractors, and DAO contributors
Stablecoin-native infrastructure for FX corridors, especially between the U.S. and LatAm, APAC, and Africa
Human-readable layers so users don’t need to think about wallet addresses, fee tokens, or bridge risks

This is where the combination of things like Stable’s infrastructure and tools like Reveel’s UX layer matters. One simplifies the protocol and the other simplifies the experience. Together, they make stablecoin payments feel less like crypto and more like email.

Risks to keep in view

We’re past the “Wild West”, and the industry finally has rules and guidelines being shipped:

MiCA is live in Europe, tightening definitions and obligations for issuers
The GENIUS Act is now U.S. law, laying out clear standards for payment stablecoins
Bridges remain fragile, and blacklisting/compliance vectors are still playing catch-up
Custody and attestation practices vary widely across issuers

The good news is that most of the leaders in this space - Circle, Tether, Stable - are adapting, and the infrastructure is maturing fast.

Acc Ventures’ POV

We back programmable finance; not hype nor hot air. Rails.

We believe stablecoins are crypto’s clearest path to real-world utility, and chains like Stable are leading the way by keeping things simple, fast, and usable at scale.

In this cycle, the winners won’t be the chains that add the most, they’ll be the ones that remove the most friction.

What we’re watching

Stable’s wallet and ecosystem growth
How Tempo and Arc perform at production scale
PYUSD’s merchant integrations
TON’s continued rise in P2P flows
The tools - like Reveel - that hide everything except what the user needs to do

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