Brian Mehler launches Stable, a Layer 1 blockchain using USDT as native gas with PayPal Ventures and Anchorage Digital backing

Stable. He's the CEO and we have some big news from them. Uh let's bring him in. How you doing, Brian? Ho ho ho.

Merry Christmas. Good to see you. How are you doing? Uh please uh since you're new on the show, introduce yourself. Introduce the company. Love to hear about what you're building.

Sure.

Well, thanks for having me. I'm Brian Mailer. I'm the stable uh CEO of stable. Uh for those that are know, we're a layer 1 blockchain. We're focused on, you know, redefining the payment rails that money moves through uh whether it's cross borders or cross country. So, uh you know, we launched earlier today. It was a big big event for us. We had the Bayet launch. Thank you. And um

uh that's good.

Yeah.

Sorry.

Uh okay. So

every

the obvious question is why another stable coin, right?

Well well no I mean not not necessarily you're so you're building an a new L1 for payments.

Uh it seems like every single

every single layer one blockchain maybe not every single one. Some some are more obviously like hyperlquid, more trading focused and there's others. But everybody's going after the payment opportunity for obvious reasons. Like how do different layer ones differentiate? What's going to separate stable from other players? Like how how is stable kind of more opinion? I'm sure it's opinionated uh in ways that maybe like you know tempo isn't or Salana isn't it, etc. Um and so yeah, curious how you're differentiating.

Yeah. It's a great question and we get it a lot and I think the way that we're able to answer it best is by talking about you know whether it's the team that's backed us. So we have PayPal ventures, we have um you know we advisers like Paulo from CEO of Tether, you know we we're partnered with Anchorage. So we have like a very good um tool set that we're playing with that's able to help us launch. But in addition to that like getting a little bit more of the technical side of things is our gas token which is usually a complication of other chains is USDT. So for that, you know, when people are moving money, the 70 to 80% of the uh stable coins out there in the world right now is being used as USDT and that's what you use to pay your fees on our network rather than having a complication about buying another token and worrying about other chains. For us, you're able to just use USDT and spend USDT. So that's I think our biggest differentiator that we have right now. And then in addition to that is also the speed. So when you want to use um a traditional layer one, let's say Ethereum, you want to move USDT there. You know, it's slow and it's expensive and it's volatile and gas and you know, we got tired of that. So we just ripped it out and put in USDT, which everyone knows and is already using as our gas token.

Uh so sounds like you have some awesome partners lined up already. How does this market shape out? Is it is it kind of a land grab right now where you're trying to sign up as many uh institutions to uh support stable or or make you their preferred L1 for moving stable coins between them and other institutions or or internally? How how does that look?

Yeah, I mean you're definitely right there. It's definitely busy. Uh there's a lot of people wanting to to get out the picks and shovels and start digging and we I think we're we're ahead of that. So we already launched as we said today and that's kind of like a big milestone for us. Um, so we got into the build phase and got into the launch phase. But I would say in terms of like why it's an interactive market is that everyone uses money. Um, and there's a frustration of using it whether you're using traditional credit cards or checks or whatever if you're still using cash. That's just a complication that people are kind of tired of dealing with and they don't understand why. You know, if you're if you're trying to buy something on the weekend and you need to like wire some over like $2,000 that you can't go get on Zel or Venmo, like you got to wait till Monday. And that's just a weird complication that I think a lot of people are getting tired of. And so using stable coins in the in an easy sense is kind of how we're solving that problem.

Go for it.

So yeah, I I'm just uh wondering more of like help me understand what what folks are using Tether directly for versus how do like what value prop you build? Uh obviously you're you know friendly and uh and partnered in many ways. Um, but how how does that relationship evolve over the next few years with with Tether?

Look, I mean, I would say Tether is just on a on a growth uh growth trajectory that you know is pretty unmatched. So, we're happy to be a part of that ride um and help facilitate it. I think you know Tether exists on a number of chains and that's one of the facilities that we're able to provide is a chain that it runs faster, easier, and less expensive. That's really what we're doing amplifying their message.

Okay, cool. Yeah, that makes sense. Thank you. Um, well, thank you so much for taking the time to come explain that to us. Uh, appreciate having you on the show and merry Christmas.

Sure you'll be back on soon.

Yeah, we'll talk to you soon.

Congrats on congrats on the launch. Super exciting.

Have a good one.

Appreciate it.

Cheers.

Bye.

Thanks.

Up next, we have Will Wilson from Antithesis on December 3rd. Jane Street led Antithesis uh their 105 million series A to make deterministic simulation the new testing standard. They have an