BlockBeats report: On May 26, Stable, a blockchain focused on stablecoin payments, launched StableEarn, officially entering the asset management space, with its first vault now live on Morpho. Stable stated that the product is designed for neobanks, fintech companies, payment processors, and individual users.
The first vault, planned and managed by cryptocurrency risk management firm Gauntlet, is responsible for allocating deposited assets to the Morpho lending market and managing capital limits and reallocations. This vault is underpinned by products from Theo, an institutional-grade real-world asset yield platform, including: thBILL, which provides exposure to tokenized U.S. Treasuries; thGOLD, an interest-bearing gold token backed by loans to jewelers; and thUSD, an interest-bearing stablecoin built on gold derivatives.
This launch positions Stable in the market segment where Gauntlet’s vaults already provide yield management for stablecoins. Meanwhile, U.S. policymakers are debating how interest-bearing stablecoin products should be incorporated into the regulatory framework.