Stable launches StableEarn, officially entering the money management field.

Mars Finance reported on May 26th that Stable, a USDT blockchain focused on stablecoin payments, launched StableEarn, officially entering the fund management field. Its first vault is now available on Morpho. Stable stated that the product targets new banks, fintech companies, payment processors, and individual users. The first vault is planned and managed by crypto risk management company Gauntlet, responsible for allocating deposited assets to the Morpho lending market and managing fund caps and redistribution. The vault is underpinned by products from Theo, an institutional-grade real-world asset yield platform. Specific strategies include: thBILL, providing tokenized exposure to US Treasury bonds; thGOLD, an interest-bearing gold token backed by loans to jewelers; and thUSD, an interest-bearing stablecoin built on gold derivatives. This launch allows Stable to enter the market where Gauntlet's vault already offers stablecoin yield management. Meanwhile, US policymakers are debating how interest-bearing stablecoin products should be incorporated into the regulatory framework.