Key Highlights
- Stable introduced StableEarn, a treasury management product for USDT holders on its Layer-1 network.
- Yield strategies include exposure to Theo products such as thUSD, thBILL, and thGOLD.
- Stable said the launch expands its USDT-focused payment ecosystem into treasury and yield-generating services.
Stable, the USDT-native Layer-1 blockchain, announced the launch of StableEarn, a new treasury management product designed to offer yield on USDT holdings directly on its network. The first StableEarn vault uses the Morpho protocol framework, curated by Gauntlet and backed by Theo’s portfolio of RWA solutions.
According to the official announcement, the vaults route USDT inflows into strategies using Theo’s product suite, such as thUSD, thBILL, and thGOLD. These products are supported with real-world assets and regulated RWA frameworks that include partnerships such as Standard Chartered’s Libeara and Wellington Management.
According to its website, Stable markets itself as a blockchain platform focused on stablecoin payments, especially USDT. The company said StableEarn is intended to expand its payments platform into treasury tools capable of generating yield.
Expanding USDT dependency
Brian Mehler, CEO of Stable, shared his insights on the launch, stating, “USDT moves more value than any other stablecoin in the world, but putting it to work always had challenges when it came to competitive yields.” “StableEarn changes that by bridging together institutional-grade yield and the chain built around USDT. The world’s largest stablecoin has a new home, and it’s on Stable,” he added.
Commenting on the launch, Iggy Ioppe, CIO of Theo, said, “StableEarn is what on-chain dollar yield looks like done right. USDT-native, institutional-grade, with returns generated by real-world markets. The future of crypto is real yield from real markets, delivered natively where capital already lives.”
Gauntlet’s USDC prime vault launch
Last year, Gauntlet, a risk management platform for decentralized finance applications, launched its USDC Prime Vault on Optimism’s OP Mainnet, powered by Morpho Lab.
The vault was designed to offer a safer and more efficient on-chain lending solution for individual users, traditional financial institutions, and crypto-native developers. It combined Gauntlet’s risk modeling expertise with Morpho’s lending technology to help users earn yield while maintaining controlled risk exposure.
At the time, Optimism described the launch as part of its broader initiative to enable companies to build and deploy new financial products directly on the blockchain. The project also includes a partnership with Utila.io for enterprise-grade wallet security on OP Mainnet.
More focus on yield-producing stablecoin solutions
The release of StableEarn is an example of another tendency of combining traditional finance instruments with the on-chain environment that is currently seen in the crypto sector.
In 2026, several projects have introduced yield-focused stablecoin products tied to tokenized treasuries, money market funds, and structured RWA strategies.
However, there is always some level of risk involved in using such solutions since RWA-backed vault yields are prone to counterparty risk, regulatory uncertainties, and volatility of traditional markets. Consequently, the efficiency and safety of the vault will be determined by the application of Theo’s strategies and Morpho’s risk management.
Thus, it is difficult to predict what impact the project will have and how it will be received by users. It depends on many factors, including transparency, competitive yields versus those offered by other DeFi/ CeFi platforms, and other factors.
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