Stable launches Morpho-based treasury management service

Stable (STABLE), a Layer 1 blockchain focused on the world's largest stablecoin USDT, launched a treasury management service called StableEarn today, Tech in Asia reported. The first vault is built on the decentralized lending protocol Morpho, with DeFi risk management project Gauntlet managing its asset allocation and risk parameters. The vault's strategy utilizes products from real-world asset tokenization platform Theo, including the U.S. Treasury bill token thBILL, the gold-backed yield-bearing token thGOLD, and the gold derivative-based stablecoin thUSD. The service is available to neobanks, fintech firms, payment providers, and individuals.