Tap Global Group plc (AIM: TAP) has launched Stabld, its own proprietary stablecoin platform, marking a significant step in the company’s ambition to become a full-service digital finance and payments infrastructure provider.
Initially available within the Tap app’s Earn product, Stabld forms the first stage of a broader strategy to create what the company describes as “the settlement layer for modern money.”
The platform will ultimately comprise three fully reserved, fiat-backed stablecoins — stUSD, stGBP and stEUR — each designed to maintain a one-to-one value with their respective currencies.
Building its own payments infrastructure
Unlike many digital finance platforms that rely on third-party stablecoins, Tap will both issue the stablecoins and operate the infrastructure used to move and settle them.
The company believes controlling the entire payments chain will enable instant settlement, seamless currency conversion and improved liquidity across its ecosystem, while also creating opportunities to offer settlement infrastructure to other fintechs and payment providers through its B2B business.
In the longer term, Tap plans to use Stabld to facilitate settlement between its own group companies before extending the technology to external partners, reducing reliance on traditional correspondent banking arrangements and improving capital efficiency.
Launch begins with Tap Earn
At launch, Stabld can be held within the Tap Earn product, where eligible customers can earn variable rewards of up to 8% per annum on participating balances. The company noted that the stablecoins themselves do not generate yield, with rewards instead provided through the separate Earn product.
Additional currencies and broader public availability are expected to be introduced in phases, subject to regulatory approvals and technical development.
New growth opportunity
Chief executive Arsen Torosian said the launch represented the first step in building a global digital settlement network.
“Today we’re launching Stabld, our own stablecoin, live in the Tap app’s Earn product. It’s the first step toward a bigger ambition – the settlement layer for modern money: a family of fully reserved digital currencies in the dollar, the pound and the euro, and the infrastructure to move them across our ecosystem and, in time, with the providers and partners we work with.”
Tap believes the initiative could unlock new revenue streams through transaction fees, reserve income and wider adoption by fintech companies, payment providers, corporate treasury operations and international remittance businesses, while further strengthening customer engagement across its growing digital finance platform.
