Stable launches USDT yield vault StableEarn for institutions

Stable launched StableEarn, an institutional USDT yield vault on its USDT-dedicated Layer‑1 that routes deposits into real‑world asset strategies tied to U.S. Treasuries and gold. Built with Morpho (lending), Gauntlet (risk), Theo (yield strategy) and Utila.io (security), the product targets USDT’s structural yield gap—Tether currently keeps reserve interest while USDT holders earn no native yield. StableEarn could attract a portion of roughly $150 billion USDT supply by offering native, lower‑risk dollar yield without requiring bridges, increasing demand for tokenized Treasuries and gold-backed strategies. The launch comes amid growing tokenized Treasury assets ($13.4 billion by April 2026) and regulatory scrutiny under the GENIUS Act, which may influence product design and institutional adoption. Market impact: it may channel significant stablecoin liquidity into on-chain real‑world-asset strategies, intensify competition among yield-bearing stablecoin products, and shift some custody/treasury preferences of crypto treasuries and funds.