
Stable (STABLE)
SUMMARY
Stable is a Layer 1 blockchain optimized for stablecoin transactions. It passes all Shariah screening criteria as its core business is neutral infrastructure, its revenue is derived entirely from permissible transaction fees, and its token utility centers on governance and native PoS staking.
Verdict by Activity
How you can hold and use STABLE
Buy & Hold
The token is a native Layer 1 asset with genuine utility, clean revenue from gas fees, and no exposure to impermissible activities.
Native PoS Staking
OptionalHolders can delegate tokens to secure the DPoS network and earn a share of USDT transaction fees and ecosystem emissions (partially inflation-funded), which is a permissible validation service.
Shariah Component Breakdown
Shariah Analysis
Infrastructure — where it runs
PassedThe network operates as its own Layer 1 blockchain with a neutral, general-purpose base layer.
Application — what it does
PassedThe project operates a neutral Layer 1 blockchain for stablecoin payments. The research confirms the absence of Riba, Maisir, and Haram industry exposures.
Asset — what you own
PassedSTABLE is used for network security and governance. The primary yield mechanism is native PoS validation, which is permissible, funded partially by inflation and transaction fees.
Property Status (Māl)
PassedThe token is a native protocol position that exists on-chain with ascertainable supply, self-custody transferability, and genuine lawful use.
Revenue Purity
Passed100% of protocol revenue comes from transaction gas fees with no impermissible sources identified. Treasury interest exposure is unknown, which is noted for monitoring but does not affect protocol revenue purity.
Legitimacy & Security
project audits
PassedThe research confirms that audit or security information was found.
social presence
PassedThe project has strong strategic backing from Tether, raised $28M, and demonstrates established adoption.
whitepaper
PassedOfficial documentation, whitepaper, and tokenomics are publicly available and confirmed.
Team & Ecosystem
team background
CautionNot covered by research.
Detailed Shariah Report
Overview
Stable is a Layer 1 blockchain optimized specifically for stablecoin transactions and global payments. Its native token, STABLE, is utilized for network security through staking and for participating in protocol governance.
Why This Verdict
Stable receives a Halal verdict based on a three-layer Shariah screening of its infrastructure, business activity, and asset qualification; a failure at any one layer fails the whole asset. First, the infrastructure is a neutral, general-purpose Layer 1 blockchain; hosting other people's applications does not taint the native asset. Second, the core business activity is facilitating stablecoin payments, generating 100% of its revenue from permissible transaction gas fees without exposure to Riba (interest), Maisir (gambling), or Haram industries. Third, the STABLE token qualifies as recognized digital property (Mal). A digital asset becomes property when it is an exclusive, protocol-recognized right of control that presently exists, is ascertainable, transferable, carries a lawful use, and is treated as wealth. STABLE meets this as a self-custodial native protocol position with established adoption. Regarding the specific activities: 1. Holding (Halal): Simply buying and holding the STABLE token is permissible. It is a native Layer 1 asset with genuine utility, clean revenue from gas fees, and no exposure to impermissible activities. 2. Native PoS Staking (Halal, Opt-in): Holders can optionally delegate their tokens to secure the Delegated Proof-of-Stake (DPoS) network. This is a permissible validation service, and the rewards—funded by a share of USDT transaction fees and partial ecosystem inflation—are Halal to earn.
Permissible Aspects
- The underlying infrastructure is a neutral Layer 1 blockchain dedicated to facilitating stablecoin payments.
- 100% of protocol revenue is derived from permissible transaction gas fees paid by users in USDT.
- The token qualifies as recognized digital property with genuine utility in network security and governance.
- The opt-in Delegated Proof-of-Stake (DPoS) staking mechanism provides a Halal yield derived from actual network validation services.
Points of Caution
- !The project's treasury interest exposure is currently unknown; while this does not affect the purity of the token's native revenue, scrupulous investors may wish to monitor if the foundation earns interest on fiat reserves.
- !Information regarding the core team's background was not covered in the research, requiring investors to rely on the project's strategic backing and public audits.
Purification Note
Not applicable. The protocol's revenue is derived entirely from permissible transaction fees, and no impure income flows to the token holder from simply holding or staking the asset.
BOTTOM LINE
Stable is a permissible Layer 1 blockchain asset focused on stablecoin payments, generating clean revenue entirely from transaction fees. Backed by Tether with $28M in funding, both holding the token and participating in its native staking mechanism are considered Halal, as the protocol avoids interest-based lending and gambling. As always, this analysis is for informational purposes, and final religious authority rests with a qualified Shariah scholar.
How this verdict was reached
This is not an opinion issued by ShariaQuant. It is the output of a documented screening methodology applied to researched facts about Stable (STABLE), and every row above states the specific evidence that drove it — so the reasoning can be examined rather than taken on trust.
The framework screens three layers — the infrastructure an asset runs on, the application it serves, and the asset itself — and separately tests whether the token qualifies as recognised property (māl): that it presently exists, has an ascertainable supply, can be held and transferred, and carries a genuine lawful use. A failure at any single layer fails the asset.
Revenue-purity thresholds follow the AAOIFI screening standard: non-compliant income below 5% of revenue is tolerated and purified, while 5% or above fails the screen.
AAOIFI has not reviewed, approved or endorsed this report or ShariaQuant, and no scholar named in our methodology has reviewed this individual verdict. This is analysis, not a fatwa — final religious authority rests with a qualified scholar.
Fundamental Analysis Report
Stable addresses a massive, proven real-world problem—the friction and unpredictability of using volatile native tokens to pay for stablecoin transfers. By building a performant Layer 1 specifically optimized for USDT and securing direct backing from Tether, the project has a clear path to capturing significant market share in the multi-trillion dollar stablecoin settlement industry. Its live mainnet, predictable revenue model based on USDT gas fees, and strong enterprise focus make it a highly viable long-term infrastructure play.
1. EXECUTIVE BOARD
2. THE DEEP DIVE
Fundamental Strengths
- Abstracts Gas Volatility: Eliminates the friction of volatile gas tokens (like ETH or SOL) by natively using USDT for all transaction fees, providing predictable costs for enterprises and payment processors.
- High Performance: Achieves sub-second finality and sub-cent fees, making it highly competitive for high-frequency payment processors and global remittances.
- Strategic Backing: Strong strategic alignment and backing from Tether (creators of USDT), ensuring deep liquidity, immediate product-market fit, and integration within the massive USDT ecosystem.
Critical Vulnerabilities
- Single-Asset Dependency: Highly dependent on the regulatory standing, market dominance, and peg stability of a single asset (Tether's USDT).
- Fierce Competition: Faces intense competition from established general-purpose networks (like Tron, Solana, and Base) that already process the vast majority of global stablecoin transfer volumes.
Competitor Comparison
vs. Tron: Tron currently dominates USDT transfer volume but requires TRX for gas and has higher fees; Stable abstracts gas volatility by using USDT natively, offering a smoother enterprise experience. vs. Solana: Solana offers high throughput and low fees but remains a general-purpose chain requiring SOL for gas; Stable provides enterprise-specific features like guaranteed blockspace tailored purely for stablecoin flows.
About Stable
Stable is a Layer 1 blockchain optimized for stablecoin transactions. It passes all Shariah screening criteria as its core business is neutral infrastructure, its revenue is derived entirely from permissible transaction fees, and its token utility centers on governance and native PoS staking.

