Stables

Stables is a stablecoin payments infrastructure company founded in 2021 and headquartered in Sydney, Australia. Originally positioned as a consumer-facing product with the promise of replacing a traditional bank account with a stablecoin-native alternative, Stables has evolved into an API-first B2B infrastructure platform that enables developers and businesses to build compliant stablecoin payment products across Asia and the Middle East and North Africa.

The Problem: Fragmented Cross-Border Payment Rails in Asia

Asia accounts for roughly 60 percent of global stablecoin payment activity. A 2026 analysis from McKinsey and Artemis Analytics estimated that of the $390 billion in stablecoin payments processed globally during 2025, approximately $245 billion originated from Asian payment corridors. Despite this volume, the infrastructure serving these corridors has remained fragmented. Businesses accepting stablecoin payments in Asia historically needed to integrate multiple banking vendors, separate KYC providers, distinct on-ramp and off-ramp services, and chain-specific liquidity solutions — each with its own compliance requirements and operational overhead.

Stables was built to collapse this stack into a single integration.

What Stables Does

The Stables platform exposes a REST API that handles four primary functions:

Virtual Accounts give businesses reusable local payment details tied to specific countries or currencies. When a customer makes a local bank transfer into a virtual account, the settlement lands in USDt rather than fiat, eliminating the need for businesses to hold local currency balances across multiple jurisdictions.

Transfers use a quote-first model. Before any funds move, the API returns a binding quote showing the exact exchange rate, fees, and estimated settlement time. Once confirmed, the platform routes the transfer across fiat rails or stablecoin corridors to the destination — which can be a local bank account, mobile money wallet, or another stablecoin address — in over 150 countries.

Compliance is built into the platform rather than bolted on afterward. Stables includes integrated KYC and KYB verification, ongoing sanctions screening, AML transaction monitoring, and travel rule compliance. Businesses consuming the API do not need to source and connect a separate compliance vendor.

AI Agent and MCP Integration represents a more recent capability. Stables has built a Model Context Protocol server that allows AI agents to initiate and monitor payments autonomously, without requiring a human in the payment loop. This positions the platform for autonomous commerce use cases where AI systems need to settle invoices, pay suppliers, or move liquidity without manual approval.

Scale and Performance

Stables processes more than $2 billion in annual USDt volume. The platform covers 160-plus markets for collection and supports payouts to more than 150 countries. Settlement completes in under one hour on average. The platform is SOC 2 certified and operates at a stated 99.99 percent uptime SLA. A sandbox environment mirrors production, allowing developers to test integrations before going live.

The platform requires no blockchain expertise from developers consuming the API. Stables abstracts chain selection, wallet management, and on-chain transaction execution behind standard REST endpoints. Customers include Infinex, PayAtom, Coinut, DFNS, and Access Bank.

Regulatory Licensing

Stables holds licenses as a Digital Currency Exchange in Australia, a Virtual Asset Service Provider in Europe, and a Money Services Business in Canada. This multi-jurisdictional licensing is a material differentiator for businesses that need a single counterparty capable of operating compliantly across regions.

Cross-Chain Coverage via USDT0

In May 2026, Stables integrated USDT0, a unified USDT token standard that operates across more than 20 blockchain networks without the need for bridge contracts or wrapped tokens. Prior to this integration, businesses using Stables needed to account for which specific chain held their USDT, since liquidity on one chain could not directly settle obligations on another without introducing bridge risk and additional transaction steps.

The USDT0 integration makes the underlying chain invisible to the developer. A single API call can move USDT regardless of which supported network holds the asset. The integration resolved a structural problem for Asian payment flows, where USDT is the dominant stablecoin but liquidity is distributed unevenly across chains depending on the local ecosystem.

Key Partnerships in 2026

Stables has executed a series of partnerships that expand both its geographic coverage and its institutional liquidity.

In May 2026, Stables announced a partnership with T-0 Network, focused on scaling institutional USDT settlements across Asia. T-0 brings settlement infrastructure capable of handling high-volume institutional flows, addressing the portion of Asian stablecoin volume that comes from businesses and financial institutions rather than retail consumers.

In April 2026, Stables partnered with eStable to expand its Asian payment rail coverage. A separate April 2026 partnership with Mansa targets infrastructure gaps within Asia's stablecoin corridors, with both firms combining liquidity and local payment rail access.

In August 2026, Stables announced a partnership with Access Bank South Africa to connect African trade corridors to Asian payment rails using stablecoins. This partnership extends the platform beyond its Asia and MENA core and marks Stables' first formal move into sub-Saharan Africa.

From Consumer Account to Infrastructure Layer

The gap between Stables' original consumer tagline — "The stablecoin account replacing your bank" — and its current B2B API positioning reflects a broader shift in the stablecoin market. Consumer-facing stablecoin accounts have faced regulatory headwinds and competitive pressure from established fintechs. Infrastructure providers that power other businesses have found a more defensible market position, especially when paired with multi-jurisdictional licensing and compliance coverage.

Stables today occupies the infrastructure layer: it is the backend that other products and developers build on top of rather than a product that end users interact with directly. For the businesses it serves — fintechs, payment aggregators, crypto exchanges, and increasingly AI-driven commerce platforms — the value proposition is reducing multi-vendor complexity to a single compliant integration capable of moving USDt across 160-plus markets in under an hour.