Stablegains, Inc. operated as a simplified crypto investment platform, promising users stable, high-yield returns (up to 15% APY) on their deposited funds. The company primarily invested customer assets into the Anchor Protocol, which relied on the TerraUSD (UST) stablecoin. Following the catastrophic de-pegging of UST and the collapse of the Terra ecosystem in May 2022, Stablegains lost a significant portion of its users' funds and subsequently announced it was ceasing all operations and winding down the company. The company was later charged by the SEC for misleading investors about the safety and diversification of their investments.

Founded in

Denmark