Two Decades in Finance Led Brian Mehler to Stable, the Paymentchain That Runs on USDT

From venture to payments

Brian Mehler describes the December launch of the Stable chain and token as a big milestone. He says a pre-deposit campaign run before launch was oversubscribed in the billions, which he called a first indicator that people like what the team is building. He frames the mission as removing the hidden asterisks behind crypto's promises.

USDT as gas

The chain uses USDT as native gas, not wrapped, with no unwrapping, Mehler says. He points to sub-second finality and thousands of transactions per second, with money moving across borders in half a second. He adds that 80% of the stablecoin market is USDT, so it is readily available.

The link to Tether runs deep: Tether CEO Paolo Ardoino is an adviser, and Stable uses Tether's Hadron product for minting and tokenization. PayPal Ventures also invested, and PayPal USD is on the chain. Mehler argues that incubated, in-house chains focus on their own ecosystems, while Stable is agnostic.

Who is calling

Brian Mehler says publicly listed companies with household brands are reaching out because they lose points on every transaction. He also says US equity traders on certain desks take a two week compliance holiday, an audit check he says crypto removes through real-time auditing.

Products and partners

Stable plans to roll out its Stable Pay app for gasless peer-to-peer transfers later this month, along with a Stable Earn product built on a Morpho vault with Theo assets and Gauntlet as curator. It relies on Dynamic for wallet infrastructure, which Mehler says requires battle-tested subject matter expertise, and is in talks with Aztec on privacy.