Stable, a USDT-focused blockchain for stablecoin payments, launched StableEarn on May 26, expanding into treasury management with an initial vault on Morpho.

Stable said the product targets neobanks, fintech companies, payment processors, and individual users. The first vault is live on Morpho and curated by Gauntlet, a crypto risk management firm, which allocates deposited assets across Morpho lending markets and manages caps and reallocations.

The initial vault is backed by Theo’s products, Theo is an institutional real-world asset yield platform. Gauntlet manages the vault’s risk parameters.

Stable and Theo said the strategies include thBILL for tokenized US Treasury exposure, thGOLD, a yield-bearing gold token backed by loans to jewelers, and thUSD, a yield-bearing stablecoin built on gold derivatives.

The launch puts Stable in a market where Gauntlet vaults already offer treasury-style stablecoin yield, as US policymakers debate how yield-bearing stablecoin products should be regulated.

🔗 Source: Stable.xyz

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