Analysis of STABLE Phase 2 withdrawals and the launch of the Flipsster on-chain USDT channel.
Key points
The STABLE (Stablechain) Phase 2 pre-deposit program officially opened for withdrawals on December 31, 2025. Approved users can claim their USDT0 allocation and excess refunds through the Merkl dashboard. On the same day, the Flipster exchange launched a USDT0 deposit and withdrawal channel for the Stable Chain, supporting ultra-fast on-chain transfers and up to 22% annualized yield on USDT balances. These two developments signify the deep integration of USDT's native Layer 1 infrastructure into payment and transaction scenarios.
STABLE 2nd Installment Withdrawal Details
Project Background
Stablechain (STABLE) is a Layer 1 payment public chain with USDT as its native asset. It employs the DPoS consensus mechanism to achieve sub-second finality. The project, stable.xyz , is supported by institutions such as Bitfinex, Hack VC, and PayPal Ventures, and mainnet launched on December 8, 2025.
Withdrawal start time
- Official opening date : December 31, 2025 (x.com)
- Announcement date : December 26th (official announcement), December 30th (confirmation of the claim channel going live at x.com)
User Qualifications and Data
| User type | Eligibility Requirements | Deposit size | Handling method |
|---|---|---|---|
| Approved users | Has two allocation quotas | $1.74 billion in processing capacity, filtering 24,000 wallets. | Claim USDT0 + excess refund via Merkl at x.com |
| Unapproved users | No second phase allocation | not applicable | Withdraw your full USDC anytime via the app or smart contract |
Withdrawal process and allocation mechanism
Approved user operation path :
- Access the Merkl Protocol Dashboard (@merkl_xyz)
- Connect wallet to verify eligibility
- Claim your USDT0 allocation and receive refunds of excess USDC.
Excess Refund Policy :
- First $1,000 deposit: 100% accepted as USDT0 allocation
- For amounts exceeding $1,000: Approximately 45% will be allocated, and 55% will be refunded in USDC to chaincatcher.com.
- Total refundable amount: $634M+ USDC, claimable via Merkl at bitget.com
Flipster launches on-chain USDT channel.
Platform Positioning
Flipster is a high-performance perpetual contract trading platform founded in 2021, supporting 450+ trading pairs, up to 100x leverage, and zero spreads for 23 major trading pairs. The flipster.io platform focuses on perpetual futures and also offers spot trading with a tiered fee structure.
USDT0 Channel Details
| Function | Release date (UTC) | Key features |
|---|---|---|
| Deposit support | 2025-12-30 08:02 | Deposit directly into Stable Chain USDT0 without a cross-chain bridge . (x.com) |
| Withdrawal support | 2025-12-31 02:06 | 0.01 USDT withdrawal fee, funds arrive in 3 minutes (vs. 45 minutes with the official bridge) x.com |
Network support range
Flipster now supports USDT deposits and withdrawals on 9 blockchains:
- Added : Stable (USDT0)
- Currently available : BNB Smart Chain (BEP20), Aptos, TON, Tron (TRC20), Arbitrum One (USDT0), Ethereum (ERC20), HyperEVM (USDT0), Kaia
Core advantages
Reward Mechanism :
- Your USDT balance automatically earns up to 22% APR annualized return (flipster.io)
- Maintain liquidity of funds and earn profits simultaneously during trading.
Fee structure :
- Deposit: 0% platform fee (network fee not included)
- Withdrawal: 0.01 USDT (Stable Chain)
- Trading rates: Taker 0.05%-0.025%, Maker 0.02%-0.01% (depending on VIP level) flipster.io
Technical specifications :
- Sub-second execution speed
- Deep liquidity (daily BTC/USDT trading volume of $90M+)
- LayerZero supports fee-free cross-chain transfers.
Community response and market narrative
STABLE Phase 2 Emotions
Users have shown positive feedback on the second phase of withdrawals, expressing gratitude to the project team for the smooth allocation and launch of the funds. As a significant on-chain pre-deposit event, x.com saw participation from over 10,000 verified wallets, and the community views it as a real-world application of USDT's native infrastructure in payment scenarios. As of December 31st, no reports of large-scale delays or security concerns have been received.
Flipster Integration Feedback
Users emphasized that the Stable Chain integration simplifies the stablecoin journey, concentrating deposits, transactions, and yields within a single ecosystem and avoiding the complexities of cross-chain operations. The x.com platform's 2025 review showed that expanded stablecoin access channels drove a 65% year-over-year increase in transaction volume, with USDT0 support considered a key improvement for enhancing user experience. x.com
Narrative theme :
- Infrastructure Narrative : USDT Native L1 Enables Predictable Payments and High-Throughput Settlement
- Integrated Narrative : Stable withdrawals directly connect to Flipster, forming a seamless earn-transaction loop.
- Profit Narrative : A 22% APR attracts users to transfer idle USDT to trading platforms
- Pragmatism : Community discussions focus on practical business applications, rather than pure speculation.
Technical details comparison
| project | Stable (Stablechain) | Flipster platform |
|---|---|---|
| position | USDT native Layer 1 public chain | Perpetual contract trading platform |
| Core technologies | DPoS consensus, sub-second finality, USDT as gas | LayerZero cross-chain, zero-spread engine |
| Mainnet status | Launched on December 8, 2025, in the pre-TGE phase. | Established in 2021, with mature operations. |
| USDT0 uses | Fee-free cross-chain transfers and on-chain settlement | Trading margin, a vehicle for passive income |
| Current milestone | Phase 2 pre-deposit withdrawals open | Add Stable Chain deposit and withdrawal channels |
in conclusion
The successful launch of STABLE Phase 2 withdrawals and the simultaneous launch of the USDT channel on the Flipster blockchain demonstrate the vertical integration path of USDT's native infrastructure from the Layer 1 settlement layer to the transaction application layer. The pre-deposit scale of $1.74 billion validates the market demand for a dedicated public blockchain for stablecoins, while Flipster's 3-minute deposit speed and 22% APR yield mechanism provide practical use cases. These two developments jointly drive USDT's transformation from a store of value tool to an integrated ecosystem of payment, transaction, and yield, laying an early advantage in the stablecoin infrastructure competition in 2026.