StableNet

StableNet is a high-performance Layer 1 blockchain optimized for stablecoin finance. It uses stablecoins as native gas and enables next-generation digital financial infrastructure with high throughput and predictable, low fees.

Stablecoins are inherently linked to real-world financial systems, so they require infrastructure that ensures both regulatory compliance and operational stability. Public blockchains that use volatile cryptocurrencies for gas make it difficult to predict costs and are often less suited for financial applications. StableNet addresses this by adopting a structure where stablecoins serve as both the native currency and gas, delivering predictable fees and stable transactions. It establishes regulatory-compliant infrastructure that provides an optimized, reliable foundation for financial and payment services.

StableNet uses WBFT, an enhanced version of QBFT. This mechanism combines Proof-of-Authority (PoA) efficiency with Byzantine Fault Tolerance (BFT) finality for secure and fast block confirmation.

StableNet operates under a multi-layer decentralized governance framework consisting of Validators (network operators), Minters (token issuers), and Master Minters (authorization and blacklist managers). Each participant contributes to network stability, transparency, and decentralized decision-making.

StableNet offers multiple advantages for institutions and developers: • Regulatory-aligned architecture: Adopts a compliance-optimized design and governance policies that promote transparency and the public good. • Seamless integration: Fully compatible with the Ethereum Virtual Machine (EVM), allowing easy development and seamless connection of existing ERC-20–based stablecoin services. • Rational, efficient, and stable network environment: Key functions such as chain operation, token issuance, and token management are governed collectively, ensuring a fair, efficient, and stable ecosystem. • Transparency and decentralization: All core authorities are decentralized, and proofs of fiat deposits and withdrawals for token issuance and burning can be verified on-chain. • High utility of stablecoins: No separate gas tokens are required, and all activities can be performed directly with stablecoins. This allows seamless use across services and ensures predictable fees and operating costs.

StableNet’s Base Coin follows a reserve-backed model. Coins are issued only when an equivalent amount of fiat currency is deposited and are burned when that amount is withdrawn. All issuance and redeeming processes require Minter Member quorum approval, ensuring transparency and strict control.

StableNet is fully EVM-compatible, supporting the Solidity programming language along with standard libraries such as Web3.js and Ethers.js. Developers can review the WBFT engine and chain source code on GitHub: https://github.com/stable-net/go-stablenet

Yes. StableNet is fully compatible with the Ethereum Virtual Machine (EVM), smart contracts from Ethereum, BNB Chain, and other EVM-based networks can be deployed on StableNet with minimal modification.