Stables is a stablecoin wallet that enables users to buy, spend, and send cryptocurrencies seamlessly, functioning as a digital alternative to traditional banking. By integrating with Mastercard, it allows for everyday transactions and global money transfers in over 30 currencies without hidden fees.
Funding
$3.9M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Existing cryptocurrency wallets often lack seamless integration with traditional financial systems, making it difficult for users to spend crypto in everyday transactions or easily convert it to fiat currency. High fees, complex off-ramping processes, and limited global accessibility further hinder the widespread adoption of crypto for daily use.
Solution
Stables provides a crypto wallet and virtual card that simplifies the process of buying, spending, and sending cryptocurrencies globally. By partnering with Mastercard, Stables enables users to spend crypto like cash both online and in-store, with real-time conversions and no foreign transaction fees. Users can fund their accounts with stablecoins or local currencies and send money to over 30 countries, facilitating both local and international payments. Stables aims to bridge the gap between decentralized finance (DeFi) and traditional finance, offering a user-friendly solution for managing and utilizing crypto assets in everyday life.
Target Audience
Stables targets crypto users, remote workers, businesses, and world travelers who need a convenient and affordable way to spend and manage their crypto assets in the real world.
Features
- Virtual Mastercard for online and in-store purchases, enabling crypto spending anywhere Mastercard is accepted
- Support for multiple stablecoins (USDT, USDC, DAI, PYUSD) and cryptocurrencies (ETH) across 10+ networks
- Global money transfers in over 30 currencies, allowing users to send and receive funds internationally
- Integration with local payment methods like bank transfer, PayID, and debit card for easy on-ramping
- Secure storage of funds with MPC cryptography and biometric authentication
- Real-time conversion of crypto to fiat at the point of sale with transparent, low fees
- On-chain balance linked to local payments, eliminating the need for off-chain conversions for spending
- 24/7 customer support