Stables

Stables is a stablecoin payment infrastructure company. Its core business is providing a unified API that allows businesses to integrate stablecoin payments, including converting between fiat and USDT, issuing virtual accounts, and handling KYC/AML compliance.

Their main narrative is bridging the gap between traditional banking and stablecoins, particularly in Asia. The market pain point they address is that while Asia accounts for 60% of global stablecoin flows, only 1% of local banks support this technology, leaving 150 currencies underserved. Stables solves this by offering a single API that handles compliance, banking, and settlement, replacing fragmented banking relationships.

In the past six months (Feb-Aug 2026), Stables has focused on strengthening its liquidity infrastructure. They partnered with Mansa in April 2026 to launch a dedicated liquidity layer for fiat-to-USDT corridors, covering 40 currency pairs and processing $394 million since Mansa's inception. In May 2026, they announced a strategic partnership with T-0 Network to provide settlement liquidity for large-scale USDT conversions across Asia. These partnerships address operational risks such as liquidity shortages during market volatility.

One notable challenge: converting USDT into local currencies at scale carries operational risks, including liquidity shortages and payment failures during volatile markets. Stables' partnerships aim to mitigate these risks by providing redundancy and depth in their settlement infrastructure.