STABLE price soars as first-ever Stable staking campaign launches with 500% APR

The cryptocurrency market remained weak on Thursday, down by over 2% in the last 24 hours despite the much-awaited rate cut.

While most tokens display substantial losses, STABLE outperformed the broader sector with a more than 3% surge over the past day.

STABLE soared after BTSE exchange launched the first staking interest campaign for the new L1 Stable, adding new momentum for the project that released its mainnet days ago, on December 8.  

The staking initiative has raised eyebrows due to its high APR, of up to 500%, for individuals who participate in the new pools.

Notably, individuals can join by either purchasing STABLE assets from the exchange or depositing existing assets before subscribing.

The campaign runs until December 18, giving participants a narrow window to secure significant rewards.

Meanwhile, this market BTSE’s first efforts to support the Stable project, with lucrative APRs indicating a major push to drive early engagement as the project navigates the vital launch phase.

BTSE fuels Stable momentum after mainnet launch

BTSE’s staking campaign comes days after Stable launched its mainnet on December 8 after raising over $28M in funding led by Hack VC and Bitfinex.

For context, Stable is an innovative USDT-powered Layer 1 network suitable for institutional settlement, consumer-level transactions, and real-world financial undertakings.

Meanwhile, the team highlighted the Stable mainnet release as a defining momentum for stablecoin payments, emphasizing:

Today marks a major step in the evolution of stablecoin payments: the launch of StableChain, the first USDT-native Layer 1 built for high-volume, predictable, real-world settlement.

 StableChain looks to transform the stablecoin sector. It prioritizes the idea that these assets, especially the leading USDT, need their dedicated settlement platforms instead of being add-ons on other blockchains.

The Stable team targets payment providers, developers, and individuals who use stablecoins for day-to-day transactions, merchant dealings, and remittances.

BTSE fuels early momentum

The exchange’s staking pools serve as the initial catalyst for Stable’s adoption.

Indeed, high APRs and limited slots tend to attract attention from retail participants, especially those interested in tapping the network’s potential before it becomes crowded.

Furthermore, the community will likely interpret the tiered structure as a sense of urgency, particularly as users eye the 500% APR pool capped with only 300 slots.

STABLE price outlook

Stable’s native token is among the few digital assets with gains today.

STABLE has soared more than 3% in the last 24 hours to trade at $0.01807.

Its daily trading volume has increased by nearly 40%, signaling interest in the new L1 network.

While STABLE eyes further gains, broad-based bearishness indicates that it will likely lose the upside momentum in the near-term.

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