Stable, a Layer 1 blockchain purpose-built for stablecoins, has officially concluded its Phase 2 pre-deposit event. Eligible participants can now claim their funds, marking a significant milestone in liquidity development following the launch of the network’s mainnet.
On December 31, 2025, Stable—the innovative blockchain dedicated to stablecoins—announced the official end of its highly anticipated Phase 2 pre-deposit event. All users who secured allocation during this phase can now claim their funds via the designated Merkl dashboard and redeem their corresponding USDT0 assets on the Stable platform.
For users who received "overflow refunds" due to allocation limits, those funds are also available for withdrawal through the same process. Additionally, users who were not approved for Phase 2 participation can withdraw their deposited USDC at any time, either through the Stable app or directly from the underlying smart contract.
Event Recap and Project Positioning: Why the Pre-Deposit Event Drew Attention
This pre-deposit event was far more than a simple user acquisition campaign. It was closely tied to Stable’s core vision and cold start strategy. Stable aims to serve as the "ultimate settlement layer" for stablecoins, standing out as a Layer 1 blockchain that uses USDT directly as its native gas token. This enables zero-fee peer-to-peer transfers and sub-second transaction finality.
According to public information, Stable’s mainnet launched in July 2025, following a $28 million funding round backed by top-tier institutions such as Franklin Templeton and Hack VC. The project is strategically positioned to serve financial institutions and high-net-worth clients, targeting the $150 billion USDT circulation with an efficient, low-cost dedicated payment rail.
The essence of this pre-deposit event was to bootstrap on-chain liquidity and kickstart the early ecosystem for the mainnet. The event set a hard cap and allowed for oversubscription, ultimately raising far more than anticipated. This strong response highlights the market’s keen interest in both the new USDT0 stablecoin—backed 1:1 by USDC—and the underlying Stable blockchain infrastructure.
Step-by-Step Guide: How to Claim Your Funds
With Phase 2 now complete, eligible users are focused on how to securely and efficiently claim their funds. The entire process is designed to maximize transparency and traceability on-chain.
All users allocated funds in Phase 2 must visit the designated Merkl dashboard to claim their allocations. This step is crucial for ensuring automated and accurate fund distribution. Once successfully claimed through Merkl, users should proceed to the official Stable platform to redeem their allocations as USDT0. USDT0 is a newly issued stablecoin within the Stable ecosystem, fully backed 1:1 by USDC, and will serve as the foundational asset for future DeFi activities on the Stable blockchain.
Users who received "overflow refunds" must also use the Merkl dashboard to claim their returned USDC. For those not approved to participate in Phase 2, their funds remain secure and can be withdrawn at any time via the official Stable app or by directly interacting with the underlying smart contract where their USDC was deposited.
STABLE Token Market Performance and Data Insights
As the ecosystem continues to develop, Stable’s governance token—STABLE—has attracted significant market attention. According to the latest data from the Gate market page as of December 31, 2025, STABLE’s performance is as follows:
- Current price: approximately $0.014233.
- 24-hour change: +10.4%, reflecting positive short-term sentiment.
- Market overview: Market capitalization stands at $255 million, with sentiment labeled as "bullish."
- Trading activity: 24-hour trading volume is about $2.5356 million.
From Pre-Deposit to Mainnet: The Roadmap for Stable’s Ecosystem
The successful completion of the pre-deposit event has laid a solid foundation of assets and users for the long-term growth of the Stable blockchain. According to the project roadmap, Stable’s development will unfold in three phases. The first phase focused on establishing the USDT base layer, which is now live. The second phase aims to enhance user experience by introducing optimistic parallel execution to boost transaction throughput and provide dedicated block space for enterprises. The third phase will deliver full-stack optimization, upgrading to a DAG-based consensus mechanism for greater speed and resilience, while expanding developer tools.
Stable’s ecosystem has also forged partnerships with prominent institutions such as Anchorage Digital and PayPal, underscoring its potential to bridge traditional finance and the decentralized stablecoin landscape.
For developers and advanced users, a dedicated blockchain centered on stablecoins—offering efficiency, low costs, and regulatory potential—could unlock new DeFi opportunities and foundational infrastructure.
With the opening of Phase 2 fund claims, Stable has achieved a critical milestone in early community building and liquidity bootstrapping. Going forward, attention will shift to the mainnet’s real-world performance, the pace of ecosystem application rollouts, and whether Stable’s unique "USDT-native" narrative can continue to attract developers and capital amid fierce Layer 1 competition.
