Stable, a Layer 1 blockchain supported by Tether insiders, has secured $825 million in pre-deposits within just 20 minutes. The rapid fundraising has drawn significant attention, but also criticism due to its centralized validator structure and pre-deposit allocation that favors insiders. Concerns have been raised about the project's timing, coinciding with the GENIUS Act's passage, and the potential for early investors to dump tokens upon mainnet launch. Critics argue that the project's benefits are overstated and primarily benefit early participants rather than end users.