Stablechain Raises $825 Million, Shifting Institutional Focus in Stablecoin World

Stablechain has rapidly amassed a $825 million valuation, fueled largely by institutional investment. This significant funding influx highlights the growing influence of institutions on crypto fundraising, particularly for stablecoins. 💰 📈 💸 🌍 The surge in institutional capital may impact Ethereum’s role as a dominant stablecoin network. The project’s pre-deposit campaign, backed by Bitfinex and USDT, attracted substantial contributions from major players, shifting liquidity away from Ethereum towards other chains.