Stable will launch its mainnet on December 8, and USDT will be the native gas token. Stable is the governance token, and staking stable allows you to earn on-chain yields.
This design is quite interesting. Generally, new chain liquidity incentive activities tend to cause the native token to spiral downward in price (see XPL as a reference), but with stable, staking stable yields U (USDT).
Looking at the token distribution, 90% is locked and controlled, and the 10% initial distribution by the founders goes to depositors.
However, the first wave of deposits also mainly came from the project team
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