Stable has announced StableEarn, a new yield product that connects its US dollar-pegged stablecoin, USDT, to real-world assets. According to the company, StableEarn lets users put their USDT balances to work by earning yields from products linked to U.S. Treasury bonds and gold.
Real-world asset connection with StableEarn
The new product operates atop Morpho, a decentralized lending protocol. Risk management parameters on the platform are established by Gauntlet, a firm specializing in risk analysis within the crypto ecosystem. Through StableEarn, users deposit their USDT into specialized smart contract pools. These pools transfer the funds into products developed by Theo that are indexed to assets like U.S. Treasury bonds or gold.
Stable emphasizes that, unlike many other decentralized finance (DeFi) platforms, StableEarn does not offer additional token incentives or crypto-based rewards. Instead, USDT deposits are directly tied to yield-generating products based on tangible, real-world assets.
Mini glossary: Real-world assets (RWA) refer to the digital representations on blockchain of tangible assets existing outside the chain, such as U.S. Treasury bonds or gold. RWA products give crypto investors a gateway to traditional financial instruments.
Brian Mehler, CEO of Stable, pointed out that USDT holders have long faced challenges accessing competitive yield products. In his view, StableEarn addresses this by offering institution-grade yields entirely on a USDT-focused blockchain.
Theo and its partners define the ecosystem
Iggy Ioppe, Investment Director at Theo, described StableEarn as an “enterprise-grade, USDT-specific” yield solution with returns tied to actual markets. Theo collaborates on RWA products with partners including Standard Chartered’s Libeara initiative and Wellington Management. With the launch of StableEarn, Theo’s real-world asset-backed product line now plays a central role in Stable’s yield strategies.
| Asset | Product Name | Partner | Core Yield Source |
|---|---|---|---|
| U.S. Treasury Bonds | thBILL | Libeara | Treasury yield |
| Gold | thGOLD | Wellington Management | Gold price |
Stable’s USDT-focused expansion strategy
Stable officially launched its mainnet last year with the goal of building a network dedicated specifically to USDT transactions. Backed by investors including Bitfinex, Stable has attracted $28 million in funding to date. With USDT holding the largest circulation among all stablecoins, Stable aims to integrate this extensive user base into its ecosystem through new products.
According to the development team, StableEarn offers alternative yield opportunities for USDT holders seeking portfolio diversification. The ability to earn returns linked to traditional financial assets opens new possibilities for crypto investors. The company views StableEarn as a key milestone in strengthening its USDT-centered ecosystem strategy.
