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Stables and Upside Join Forces with New Partnership
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Ash Oddi
•
November 8, 2023
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In a strategic move by two rapidly growing Australian crypto companies, Upside and Stables are thrilled to announce their collaboration through an exciting new partnership that will deliver value to the Web3 community through education, events and content. It will also provide Stables an official home away from home in Melbourne at Upside HQ, with its primary office situated in Sydney.
Stables is a digital wallet that allows users to spend, send and earn stablecoins, all on one balance. Founded in February 2021 and backed by leading global VCs, Stables has formed a stellar team in Australia and has recently expanded to the Philippines.
They provide robust solutions to empower the Web3 business community operating and growing within the Upside ecosystem. Stables helps equip businesses within the DAO to manage their treasury efficiently, streamline payroll processes and facilitate fund transfers.
“At Stables, we want to help people debank themselves, making sending, spending and earning stablecoins even more seamless than using a traditional bank account. Since our launch in 2023, we’ve made enormous strides locally, with Australians loving their Stables Mastercards. We’ve also expanded internationally, opening off-ramps into Philippine Pesos and will be in even more markets by the year’s end,” said Erez Rachamim, CEO at Stables.
“Solidifying this partnership with Upside represents our continued support within the Australian crypto space - and it’s the perfect time for both companies to cement this relationship as we grow into 2024,” he continued.
Upside is an Australian crypto hub located in Melbourne and a dedicated Web3 fund backed by Australian founders and builders to help shape the next iteration of the internet. Upside HQ is a melting pot for Web3 talent and startups. It also calls itself home to representatives from crypto companies such as Apollo Crypto, Fireblocks, Illuvium, Collective Shift, and now - Stables.
“We hit it off with the team at Stables a few months ago to bring together a high-energy evening and have been exploring ways to work together on a more permanent basis. Both of our organisations are very different, but we share the same commitment to champion the Australian Web3 scene and drive crypto adoption,” said Greg Oakford, Head of Growth and Partnerships at Upside.
“Stables is a great product. I’ve used it myself and know so many others who enjoy using a crypto app in everyday life. It certainly flies in the face of the commentary around crypto not having enough real-world use cases. Over the coming months, we’ll be delivering more high-quality events in conjunction with Stables and producing content to educate people on all things Web3 further, and with a recent shift in sentiment, there’s no better time to get on the front foot.”
To learn more:
Stables: https://stables.money
Upside: upsidedao.com.au
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© Stables Group 2024
The "Stables Group" is powered by a number of companies throughout the world.These companies include, but is not limited to: Stables Money Global Pte Ltd, 2 Venture Drive #19-18, Vision Exchange, Singapore 608526; Stables Australia, powered by Tiiik Pty Ltd (ACN 639 448 490) a company incorporated in Australia; Stables Europe, (KRS #0001027447), incorporated in Warsaw, Poland, a member of the European Union (EU); Stables Asia, is a company located at Unit 1603, 16th Floor, The L. Plaza, 367 - 375 Queen's Road Central, Sheung Wan, Hong Kong; and Stables Limited, a company incorporated in Abu Dhabi Global Market (ADGM).
Note more companies and jurisdictions are gradually coming online - watch this space.
The Stables Group is collectively referred to as “Stables”, “Tiiik”, “we”, “us” and “our” in these General Terms of Use, other customer disclosure documents our App and on our websites.
Stables powered by Tiiik Pty Ltd ACN 639 448 490 is a registered Digital Currency Exchange (DCE) provider with AUSTRAC - DCE100780083-001. Tiiik is also registered as an independent remittance dealer with AUSTRAC - IND100780083-001. Tiiik Pty Ltd is also a member of the Australian Financial Complaints Authority (AFCA), member number 109771.
Stables Europe, located at 22B Bartycka Street, Unit 21A, Warsaw, postcode 00716, Poland is a Virtual Asset Service Provider (VASP), KRS National Register No: 0001027447, entered into the Poland Virtual Currency Business Activity Register on 6th April 2023.
Stables Money® is a registered trademark, and the coin design is a trademark of Stables Group.
The Stables Send product is issued by Odyssey Capital Funds Management Ltd ACN 116 172 395 (AFSL 297283) (“Issuer”) and distributed and administered by Tiiik Pty Ltd trading as Stables ACN 639 448 490 (AFS Representative No. 001308192). You should consider the Product Disclosure Statement, Financial Services Guide and Target Market Determination for this product located here. Any advice does not take into account your personal needs, financial circumstances or objectives and you should consider if it is appropriate for you."
The Stables Card Mastercard® powered by Tiiik Pty Ltd is issued by EML Payment Solutions Limited ABN 30 131 436 532, AFSL 404 131 ("Issuer"), and is managed by Mastercard Prepaid Management Services Australia Pty Ltd ABN 47 145 044, AFSL 386 837. Stables powered by Tiiik Pty Ltd is a Corporate Authorised Representative of Mastercard Prepaid Management Services since 10th November 2022. You should consider the Product Disclosure Statement and Target Market Determination for this product located here. Any advice does not take into account your personal needs, financial circumstances or objectives and you should consider if it is appropriate for you.
* Subject to any surcharge that may be imposed directly by merchants. Currently the Stables Card cannot be used in the following countries and geographical regions due to sanctions that are currently in place: Crimea, Iran, North Korea, Sudan, Syria, Donetsk and Luhansk. If you attempt to use your card at merchants in any of these countries and geographical regions, your request will be declined. Additionally, all Mastercards will not work at Russian merchants. In addition, the POS terminals are not owned or operated by the Issuer or Mastercard Prepaid Management Services Australia Pty Ltd and the Issuer or Mastercard Prepaid Management Services Australia Pty Ltd are not responsible for ensuring that merchants will accept the Stables Card. For example, the Issuer and Mastercard Prepaid Management Services Australia Pty Ltd cannot control when a POS terminal is due for maintenance or is faulty of if a merchant chooses not to accept the Stables Card. In such cases, your Stables Card may not function properly or be declined. For more information please see the Product Disclosure Statement.
** Some merchants may charge their own fees and set their own limits.
Mastercard® is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.
The "Stables Group" is powered by a number of companies throughout the world.These companies include, but is not limited to: Stables Money Global Pte Ltd, 2 Venture Drive #19-18, Vision Exchange, Singapore 608526; Stables Australia, powered by Tiiik Pty Ltd (ACN 639 448 490) a company incorporated in Australia; Stables Europe, (KRS #0001027447), incorporated in Warsaw, Poland, a member of the European Union (EU); Stables Asia, is a company located at Unit 1603, 16th Floor, The L. Plaza, 367 - 375 Queen's Road Central, Sheung Wan, Hong Kong; and Stables Limited, a company incorporated in Abu Dhabi Global Market (ADGM).
Note more companies and jurisdictions are gradually coming online - watch this space.
The Stables Group is collectively referred to as “Stables”, “Tiiik”, “we”, “us” and “our” in these General Terms of Use, other customer disclosure documents our App and on our websites.
Stables powered by Tiiik Pty Ltd ACN 639 448 490 is a registered Digital Currency Exchange (DCE) provider with AUSTRAC - DCE100780083-001. Tiiik is also registered as an independent remittance dealer with AUSTRAC - IND100780083-001. Tiiik Pty Ltd is also a member of the Australian Financial Complaints Authority (AFCA), member number 109771.
Stables Europe, located at 22B Bartycka Street, Unit 21A, Warsaw, postcode 00716, Poland is a Virtual Asset Service Provider (VASP), KRS National Register No: 0001027447, entered into the Poland Virtual Currency Business Activity Register on 6th April 2023.
Stables Money® is a registered trademark, and the coin design is a trademark of Stables Group.
The Stables Send product is issued by Odyssey Capital Funds Management Ltd ACN 116 172 395 (AFSL 297283) (“Issuer”) and distributed and administered by Tiiik Pty Ltd trading as Stables ACN 639 448 490 (AFS Representative No. 001308192). You should consider the Product Disclosure Statement, Financial Services Guide and Target Market Determination for this product located here. Any advice does not take into account your personal needs, financial circumstances or objectives and you should consider if it is appropriate for you."
The Stables Card Mastercard® powered by Tiiik Pty Ltd is issued by EML Payment Solutions Limited ABN 30 131 436 532, AFSL 404 131 ("Issuer"), and is managed by Mastercard Prepaid Management Services Australia Pty Ltd ABN 47 145 044, AFSL 386 837. Stables powered by Tiiik Pty Ltd is a Corporate Authorised Representative of Mastercard Prepaid Management Services since 10th November 2022. You should consider the Product Disclosure Statement and Target Market Determination for this product located here. Any advice does not take into account your personal needs, financial circumstances or objectives and you should consider if it is appropriate for you.
* Subject to any surcharge that may be imposed directly by merchants. Currently the Stables Card cannot be used in the following countries and geographical regions due to sanctions that are currently in place: Crimea, Iran, North Korea, Sudan, Syria, Donetsk and Luhansk. If you attempt to use your card at merchants in any of these countries and geographical regions, your request will be declined. Additionally, all Mastercards will not work at Russian merchants. In addition, the POS terminals are not owned or operated by the Issuer or Mastercard Prepaid Management Services Australia Pty Ltd and the Issuer or Mastercard Prepaid Management Services Australia Pty Ltd are not responsible for ensuring that merchants will accept the Stables Card. For example, the Issuer and Mastercard Prepaid Management Services Australia Pty Ltd cannot control when a POS terminal is due for maintenance or is faulty of if a merchant chooses not to accept the Stables Card. In such cases, your Stables Card may not function properly or be declined. For more information please see the Product Disclosure Statement.
** Some merchants may charge their own fees and set their own limits.
Mastercard® is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.