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Tap Launches Own Stablecoin “Stabld”
Tap Global Group plc has launched its own stablecoin, Stabld, which includes stUSD, stGBP, and stEUR, designed for seamless 1:1 conversion and instant settlement within the Tap app's Earn product, where eligible users can earn up to 8% per annum. This initiative aims to create a settlement layer for modern money, enabling faster, cross-border value movement and potentially generating new revenue streams through income on reserve assets and transaction fees, while also improving liquidity and capital efficiency by reducing reliance on pre-funded settlement accounts. Disclaimer*
About this update from Tap Global Plc
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE UK MARKET ABUSE REGULATION. UPON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS DEEMED TO BE IN THE PUBLIC DOMAIN. 29 June 2026 Tap Global Group plc ("Tap", the "Company" or the "Group") Tap Launches Own Stablecoin "Stabld" to Support Acceleration of Earn Product Through Easier Movement Within Tap Ecosystem Tap Global Group plc (AIM: TAP), an innovative digital finance hub that brings money payments and crypto settlement services together in a single user-friendly app, is pleased to announce the launch of Stabld, the Group's own stablecoin, live within the Tap app's Earn product from today. This is the first step in a broader initiative the Group describes as "the settlement layer for modern money". By owning both the stablecoin and the rails that move it, Tap can control every on- and off-ramp end-to-end resulting in seamless 1:1 conversion, instant settlement across the payment networks it connects to, and - through its B2B business - that same instant settlement for other companies, turning Tap's own infrastructure into a product that wins new customers. Stabld is the brand for the Group's planned family of fully-reserved, fiat-backed stablecoins: stUSD, stGBP and stEUR. Each is designed to be redeemable on a one-for-one basis for its reference currency, supported by the Group's own infrastructure to issue, move, convert and settle them. Unlike many providers, which rely on a third party's stablecoin, the Group issues these coins itself and intends to operate the rails that move them. The Group's longer-term ambition is for Stabld to function as a global settlement layer across its payment ecosystem, enabling value to move instantly, around the clock and across borders. In stages, The Group intends to use Stabld first for the movement of funds between the Group entities and, subsequently, for settlement with the payment providers and partners with which it works, with the aim of reducing reliance on pre-funded settlement (nostro / vostro) accounts and improving liquidity and capital efficiency. Phased Rollout Stabld is being introduced in a phased manner. From launch it operates within the Tap ecosystem, where users can convert into and use it via the Tap Earn product. Further capabilities, includin...