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
HypurrFi
GAIB
Reserve Protocol
Developer resources from Alchemy
What are cross-border digital payments?
Learn how correspondent banking works and how stablecoins are cutting costs by up to 80%.
Cronos is now live on Alchemy
Alchemy has launched support for Cronos, a purpose-built settlement layer for stablecoins and tokenized assets. Connect via RPC and build with gasless transaction infrastructure.
How to scale to 30,000 requests per second. The story behind Usual's seamless airdrop
Usual aims to put ownership back in the hands of its users, by ensuring that value flows back to the community rather than concentrating at the top, paving the way for a fair and community-driven future for stablecoins and token-based finance.
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.
