Stable releases app for no-fee USDT transfers worldwide

Stable has launched StablePay, a mobile payments app that the company says enables instant, no-fee transfers of USDT across borders. The product extends Stable’s push to build payment services on stablecoin infrastructure, targeting consumer transfers, remittances and payroll use cases.

Stable describes itself as a Tether-aligned Layer 1 blockchain built for stablecoin payments. The company said StablePay runs on StableChain and is designed to make USDT transactions accessible to users who do not want to manage crypto wallets, gas payments or blockchain accounts directly.

According to Stable, users can send funds through a phone number, email address or QR code. The app also includes a feature called Earn, which allows users to generate yield on idle USDT from within the application, the company said.

The payments model relies on stablecoins, digital tokens designed to track the value of a reference asset such as a fiat currency. In this case, StablePay uses USDT, the dollar-linked token issued by Tether. Stable said the app settles borderless USDT payments in seconds, rather than routing transfers through correspondent banks and other intermediaries that can add cost and delay to international payments.

The company said StablePay also supports conversion between stablecoins and fiat currencies, giving users a way to send, receive, hold and access money through the same product. It did not disclose pricing for conversion services or provide details on supported currencies and regions.

Brian Mehler, chief executive of Stable, said in the announcement: “Money should move as fast as the internet does.” He added that major financial institutions are moving toward stablecoin-native settlement and said StablePay is intended to offer “speed, global reach, and near-zero cost” without requiring users to understand crypto infrastructure.

Stable said the app is already being used in live payment flows across several regions. Early applications include peer-to-peer payments, cross-border remittances and international payroll, according to the company.

The launch comes as policymakers in several markets consider or implement rules for stablecoins. Stable cited policy activity in Hong Kong, Korea, Singapore and the United States, as well as the CLARITY Act before the US Congress, as part of the regulatory context for digital-asset payment infrastructure.

Stable said its product plan includes expanded on-ramp and off-ramp support, additional payment integrations and referral-based growth features in the coming months. StablePay is available on Apple’s App Store and Google Play, according to the company.

This story draws on original reporting from Finextra Research.