Stable Hits $825 Million Cap Within 30 Minutes of Pre-Deposit Launch

Summary

Stable, a new stablecoin blockchain backed by Bitfinex and USDT0, launched a pre-deposit phase at 9:10 p.m. ET and hit its initial $825 million deposit cap within 30 minutes. The rapid uptake underscores strong institutional and retail demand for the token and signals robust market confidence in the Bitfinex-backed project. Rapid cap exhaustion could accelerate token distribution timelines, heighten liquidity on launch, and draw increased regulatory and market scrutiny given the large short-term inflows.