Description
Founded in 2021, Stables aims to create a universal internet money network by making stablecoins usable for everyday transactions. The company provides a stablecoin-based account that functions as a replacement for traditional banking. This service allows both individuals and businesses to manage their finances globally. Key features include a virtual Mastercard for spending, the ability to send stablecoins and have them received as cash in over 30 currencies, and support for receiving payments in stablecoins or local currencies (EUR/USD) with payouts to over 150 countries. Users can fund their accounts with various stablecoins (USDT, USDC, DAI, PYUSD) and cryptocurrencies like ETH across more than 10 networks, or through traditional bank transfers. Stables emphasizes security with MPC cryptography and biometrics, low fees, and 24/7 customer support. The platform primarily targets residents of Hong Kong and also offers OTC services and ambassador programs.