Stable, the blockchain platform supported by Tether and Bitfinex, has shared details of its new STABLE token ahead of its mainnet launch on December 8.
The token is designed to help run the network safely and allow holders to vote on important decisions, but it will not be used to pay for everyday transactions. All transactions on the network will continue to be settled in USDT.
Before the mainnet launch, Stable ran two pre-deposit campaigns to allow users to deposit stablecoins in exchange for future rewards. Together, the campaigns raised over $1.1 billion from more than 10,000 wallets.
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