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Upside and Stables Announce Partnership Extension to drive web3 growth
News
Ash Oddi
•
June 24, 2024
Upside, a leading Australian crypto hub and web3 fund, and Stables, a rapidly growing digital wallet for stablecoins born out of Australia announce a strategic partnership aimed at accelerating the growth and adoption of web3 technologies in Australia, and globally.
This collaboration will leverage the strengths of both companies to deliver value to the crypto/web3 community through events, education and content.
Stables is a pioneering stablecoin payment platform based in Australia, committed to empowering users worldwide to transact freely and securely. Stables enables users to spend, send, and earn stablecoins, all within a single balance. It offers one of the best consumer crypto products on the market, providing a seamless experience for using stablecoins to pay for everyday items.
Founded in February 2021, Stables has grown exponentially, solidifying its global presence across Australia, Southeast Asia, and Africa, with more countries set to be unlocked over the next three months.
“At Stables, we want to help people debank themselves, making sending, spending, and earning stablecoins effortless without traditional financial institutions,” said Bernardo Bilotta, 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 parties to cement this relationship as we grow into 2024 and 2025,” he continued.
Upside’s crypto hub in Melbourne now attracts over 25 businesses that call Upside their home. It’s backed by Australian founders and builders and aims to shape the next iteration of the internet by supporting web3 talent and startups. A large portion of crypto/web3 event activity happens through Upside and this new partnership will continue to facilitate new event activity.
“We’re super excited to extend our partnership with Stables after laying foundations over the last 12 months together. Stables were one of our first crypto businesses to partner with us and in an industry where things move so fast with a lot of volatility, I think it’s a credit to both companies' commitment to growing alongside each other,” said Greg Oakford, Head of Ecosystem & Partnerships at Upside.
“Stables have been shipping like crazy lately and we look at ourselves as being a valuable partner that can help spotlight the product in APAC and drive meaningful outcomes through marketing, media and events,” he said.
This partnership marks a significant milestone in the Australian crypto landscape, uniting two prominent players to drive innovation and adoption in industry.
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© Stables Group 2024
The "Stables Group" is powered by a number of companies throughout the world. These companies include: Tiiik Pty Ltd (ACN 639 448 490) a company incorporated in Australia and also Stables Europe (KRS #0001027447), incorporated in Warsaw, Poland, a member of the European Union (EU), the Stables Group is collectively referred to as "Stables".
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: Tiiik Pty Ltd (ACN 639 448 490) a company incorporated in Australia and also Stables Europe (KRS #0001027447), incorporated in Warsaw, Poland, a member of the European Union (EU), the Stables Group is collectively referred to as "Stables".
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.