What To Know:
- Binance will launch the STABLE/USDT perpetual contract with up to 5x leverage under its pre-market trading segment on November 6, 2025.
- Trading will be settled in USDT, with funding payments every four hours and strict price caps to control volatility during the pre-market phase.
- Stable (STABLE), an EVM-compatible blockchain backed by Bitfinex and USDT, aims to support high-volume stablecoin transactions.
Leading crypto exchange Binance has announced that it will list the STABLE/USDT perpetual contract on its futures platform starting November 6, 2025, at 12:00 UTC. The listing introduces the Stable (STABLE) token to Binance Futures users with up to 5x leverage, and will extend trading options for those looking to explore a new stablecoin-focused blockchain ecosystem.
According to Binance, the new product will launch as a USDⓈ-Margined STABLEUSDT perpetual contract under its pre-market trading segment. This means that trading will take place before the STABLE token becomes available on the Binance Spot market. Once a stable price index can be established, the pre-market contract will gradually transition to a standard perpetual futures contract.
Binance Lists Stable Backed by Bitfinex and USDT
The total and maximum supply of STABLE is capped at 100 billion tokens. Binance noted that the asset’s settlement currency will be USDT, and trading will be available 24/7. The listing allows traders to participate using Multi-Assets Mode, meaning users can post margin in multiple cryptocurrencies, such as Bitcoin, subject to Binance’s haircut ratios.
During the early phase, the funding rate will be capped at +0.005% per interval, with settlements occurring every four hours. Once pre-market trading concludes, the funding rate may fluctuate between +2.00% and -2.00%, aligning with Binance’s standard perpetual futures framework.
The mark price, which helps prevent unnecessary liquidations, will be determined using the average of the last ten seconds of trading data, updated every second. If fewer than 21 transactions occur within that time, the calculation will rely on the latest 20 transaction prices.
To maintain stability during the pre-market period, Binance will impose a ±1% price cap on the mark price per second, limiting excessive volatility. The same restriction will remain during the transition period when the contract shifts from pre-market to standard perpetual trading.
Leverage tiers have been clearly defined. Traders can take positions up to 5x leverage for smaller amounts, with maintenance margin rates scaling based on position size. For example, a position worth up to 5,000 USDT requires a 10% margin, while larger positions above 80,000 USDT will require 50%.
Stable (STABLE) is an EVM-compatible Layer 1 blockchain designed to facilitate large-scale movement of stablecoins. The project is one of the few public blockchain initiatives directly tied to the world’s most widely used stablecoin and is backed by Bitfinex and USDT.
Binance emphasized that it may adjust trading specifications—such as funding fees, tick sizes, leverage limits, and margin requirements—based on prevailing market conditions. The exchange also reserves the right to update price caps during the pre-market phase to prevent erratic movements.
As with all Binance Futures listings, the STABLEUSDT contract will be included in the New Listing Fee Promotion campaign. This inclusion will offer traders discounted fees during the launch window. The contract will also be made available for Futures Copy Trading within 24 hours of going live.
As per the official statement, funding payments will occur at four-hour intervals, calculated using a flat interest rate of 0.03% per day. Binance stated that this structure may change depending on market dynamics or liquidity conditions. A separate update will be issued if the settlement frequency shifts from four hours to one hour.
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