StableChain, a Layer 1 network for stablecoin-based payments, backed by Bitfinex, has stumbled out of the gate as users reported they couldn’t withdraw funds or claim their STABLE tokens.

Stable debuted its StableChain mainnet and native token STABLE yesterday, Dec. 8. But pre-launch campaign depositors say that though their deposits were converted into a token, there was no way to redeem it back into Tether’s USDT. The lack of withdrawals has left many unsure when they’ll regain access to their money, with some calling the launch “an absolute disaster.”

Some also complained that the network was launched in a way that made it hard to claim STABLE tokens or move funds, because there was no straightforward method to pay transaction fees on the chain.

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