Stables
Spend USDC anywhere Mastercard works.
- Who holds it
- A licensed payment institution holds your balance in a safeguarding account — AFSL partners; Mastercard APAC program.
- The ledger
- The payment institution’s own ledger.
- If it fails
- Safeguarded funds are returned in administration — ring-fenced, but access can be frozen and slow.
Derived from Stables’s regulation type and custody — a class of protection, not a guarantee. Limits and eligibility vary by scheme, balance and jurisdiction; confirm before you rely on it. What happens if a neobank shuts down →
The facts
| Category | web3-native |
| HQ | Sydney, AU |
| Founded | 2021 |
| Custody | Custodial |
| Regulation type | Payment institution |
| License detail | AFSL partners; Mastercard APAC program |
| Card | MC · Virtual + physical |
| Stablecoins | Yes |
| KYC | Yes |
| Active regions | Oceania |
| Countries | Australia, Singapore, Philippines, Global |
Verified links: official site ↗ · privacy ↗ · @stablesmoney ↗
Common questions about Stables
What is Stables?
Stables is a self-custodial, on-chain-first neobank, headquartered in Sydney, AU and founded in 2021. Your money is held custodially, so Stables or its partner bank holds the balance and you hold a claim on it. It is regulated as a payment institution (AFSL partners; Mastercard APAC program).
Does Stables have a card, and where can you use it?
It issues a Mastercard virtual and physical card. It is available in 4 countries, across Oceania.
Does Stables require KYC?
Yes. Stables requires identity verification (KYC) to open an account, as a payment institution.
Peers
Phantom · Zengo · MetaMask · Solflare · Rainbow · Xverse
Stables appears in
Neobanks authorised as payment institutions (13) · Neobanks available in Oceania (72) · Neobanks that issue a Mastercard (150) · Neobanks in Australia (8)
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.