​​Stable

Official materials call the project Stable, the network StableChain, and the governance token STABLE. The upstream display name stored in the catalog begins with two U+200B zero-width spaces. The safe identity anchor is not typography but the official network: chain ID 988 and STABLE's fixed Bank precompile at 0x0000000000000000000000000000000000001003.

Stable announced its token design on December 2, 2025 and launched Mainnet six days later. The launch also introduced the Stable Foundation as an independent organization intended to guide grants and governance. That announcement describes a role, but the reviewed primary material does not provide the foundation's registration, governing documents, directors, or key inventory.

Ethereum users normally hold one asset to pay and another for gas. Stable instead makes USDT0 both native value and ERC-20 balance. Version 1.2.0 replaced the earlier gUSDT gas path in February 2026, removing wrapping and unwrapping from ordinary use. STABLE does not pay transaction fees and has no dollar peg.

This makes the two-token boundary functional. USDT0 carries Tether-linked payment value and inherits its own cross-chain and issuer dependencies. STABLE carries validator bond and voting weight. Owning the latter does not create a claim on USDT0 reserves, Stable Wallet Limited, or payment volume.

The EVM exposes STABLE through Bank at 0x...1003, delegation through Staking at 0x...0800, rewards through Distribution at 0x...0801, proposals through Gov at 0x...0805, and validator discipline through Slashing at 0x...0806. These are native Stable SDK modules behind EVM-shaped interfaces, not ordinary Solidity contracts with an owner slot that an explorer can summarize.

Delegators choose validators and validators set commission parameters. Tokenomics says USDT0 fees accumulate in a smart-contract-managed treasury and validators may distribute them to STABLE stakers. “May” matters: the documentation provides eligibility and machinery, not a guaranteed yield or a universal distribution rate.

Official tokenomics fixes supply at 100 billion and allocates 10 billion to genesis, 40 billion to ecosystem and community, 25 billion to the team, and 25 billion to investors and advisors. Genesis was fully unlocked at launch, and an initial ecosystem unlock equals 8% of total supply. The Bank reference says governance-token minting is prohibited.

The same live page describes team and investor allocations with a one-year cliff, then says no tokens unlock in the first 24 months. A one-year cliff and a 24-month no-unlock period are different schedules. No definitive vesting-contract map appeared in the reviewed sources, so CoinYQ leaves the first team and investor unlock unresolved.

Current release notes distinguish state-breaking upgrades, which all validators must adopt at a governance-selected height, from backward-compatible patches that operators can install on their own schedule. They also show governance-controlled authorization for gas-waiver partners and parameters. STABLE voting therefore reaches concrete network behavior rather than serving only as a label.

Yet governance documentation does not by itself reveal current voting-power concentration, validator affiliations, foundation delegations, emergency coordination, or every system authority. Stable Wallet Limited's terms cover the separate Stable App and let that company alter its product; they do not establish ownership of the chain. The honest conclusion is a live governed network with incomplete public attribution of operational control.