The payment blockchain Stable dedicated to Tether (USDT) announced on the 26th (local time) that it will launch “Stableon,” a product that provides interest to USDT holders.
Stableon has the effect of keeping users in Stable, a Tether-only payment chain, longer. Previously, users had to transfer funds they had deposited for payment back out for investment. Stableon has improved this by securing profitability within the stable chain.
Stableon is built on the foundation of the decentralized lending platform Morpho. The assets are managed by Gauntlet. They are investing in real asset products such as U.S. bonds and gold from Theo, a real asset (RWA) platform.
Stableen allows stable users to earn money without having to transfer their assets out of the payment network.
“USDT moves more value than any other stablecoin in the world, but it has been difficult to secure competitive returns,” said Brian Miller, CEO of Stable. “Stableon has improved this situation by combining institutional returns and chains built around USDT.”
