mStable
mStable is a stablecoin yield platform that efficiently stacks yield using Pendle on Ethereum.
What is mStable?
mStable is a stablecoin yield platform on Ethereum that stacks yield using Pendle. Relaunched in late 2025 with a focused single-product approach, mStable offers a Pendle Vault providing approximately 15% APY on stablecoin deposits. Users deposit stablecoins and receive mPT-sUSDe, a yield-bearing token. The platform is designed for simplicity — deposits compound automatically without manual position management. mStable uses contracts with multiple audits and over 4 years of battle testing, with security reviews from Sherlock, iosiro, and Trust Security.
Web3 dapps and developer tools related to mStable
Discover blockchain applications that are frequently used with mStable.
Ape Finance
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Developer resources from Alchemy
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Learn how the stablecoin sandwich payment model works and what it means for cross-border payments.
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mStable alternatives
Explore web3 competitors and apps like mStable.
River Inc
Frax Finance
Open Dollar
HyperstableApp store listings are independently reviewed and written by Alchemy using a combination of inbound submissions, editorial research, public project sources, and third-party directories, including ecosystem data from The Grid under the Open Database License, DefiLlama, DappRadar, Reown, and chain ecosystem pages.
