diff --git a/pallets/stable-asset/src/lib.rs b/pallets/stable-asset/src/lib.rs
index 73adc29821..62f75750ac 100644
--- a/pallets/stable-asset/src/lib.rs
+++ b/pallets/stable-asset/src/lib.rs
@@ -30,6 +30,8 @@ mod tests;
 
 pub mod weights;
 
+pub mod migration;
+
 pub use crate::traits::StableAsset;
 use frame_support::{dispatch::DispatchResult, ensure, traits::Get, weights::Weight};
 use frame_system::pallet_prelude::BlockNumberFor;
diff --git a/pallets/stable-asset/src/migration.rs b/pallets/stable-asset/src/migration.rs
new file mode 100644
index 0000000000..b9f9fc73eb
--- /dev/null
+++ b/pallets/stable-asset/src/migration.rs
@@ -0,0 +1,114 @@
+// This file is part of Bifrost.
+
+// Copyright (C) Liebi Technologies PTE. LTD.
+// SPDX-License-Identifier: GPL-3.0-or-later WITH Classpath-exception-2.0
+
+// This program is free software: you can redistribute it and/or modify
+// it under the terms of the GNU General Public License as published by
+// the Free Software Foundation, either version 3 of the License, or
+// (at your option) any later version.
+
+// This program is distributed in the hope that it will be useful,
+// but WITHOUT ANY WARRANTY; without even the implied warranty of
+// MERCHANTABILITY or FITNESS FOR A PARTICULAR PURPOSE. See the
+// GNU General Public License for more details.
+
+// You should have received a copy of the GNU General Public License
+// along with this program. If not, see <https://www.gnu.org/licenses/>.
+
+#![cfg_attr(not(feature = "std"), no_std)]
+
+use super::{Config, Weight, *};
+use frame_support::traits::Get;
+
+pub fn update_pallet_id<T: Config>() -> Weight {
+	let pool_count: u32 = PoolCount::<T>::get();
+
+	for pool_id in 0..pool_count {
+		Pools::<T>::try_mutate_exists(pool_id, |maybe_pool_info| -> DispatchResult {
+			let to: T::AccountId = T::PalletId::get().into_sub_account_truncating(pool_id);
+			let pool_info = maybe_pool_info.as_mut().ok_or(Error::<T>::PoolNotFound)?;
+
+			for (_, &asset_id) in pool_info.assets.iter().enumerate() {
+				let balance = T::Assets::free_balance(asset_id, &pool_info.account_id);
+				if balance == Zero::zero() {
+					continue;
+				}
+				T::Assets::transfer(asset_id, &pool_info.account_id, &to, balance)?;
+			}
+			let pool_asset_balance =
+				T::Assets::free_balance(pool_info.pool_asset, &pool_info.account_id);
+			T::Assets::transfer(
+				pool_info.pool_asset,
+				&pool_info.account_id,
+				&to,
+				pool_asset_balance,
+			)?;
+
+			pool_info.account_id = to;
+			Ok(())
+		})
+		.ok();
+	}
+
+	let count: u64 = (pool_count * 3).into();
+	Weight::from(T::DbWeight::get().reads_writes(count, count))
+}
+
+use frame_support::{pallet_prelude::PhantomData, traits::OnRuntimeUpgrade};
+pub struct StableAssetOnRuntimeUpgrade<T>(PhantomData<T>);
+impl<T: super::Config> OnRuntimeUpgrade for StableAssetOnRuntimeUpgrade<T> {
+	#[cfg(feature = "try-runtime")]
+	fn pre_upgrade() -> Result<sp_std::prelude::Vec<u8>, sp_runtime::DispatchError> {
+		#[allow(unused_imports)]
+		use frame_support::PalletId;
+		log::info!("Bifrost `pre_upgrade`...");
+
+		Ok(vec![])
+	}
+
+	fn on_runtime_upgrade() -> Weight {
+		log::info!("Bifrost `on_runtime_upgrade`...");
+
+		let weight = super::migration::update_pallet_id::<T>();
+
+		log::info!("Bifrost `on_runtime_upgrade finished`");
+
+		weight
+	}
+
+	#[cfg(feature = "try-runtime")]
+	fn post_upgrade(_: sp_std::prelude::Vec<u8>) -> Result<(), sp_runtime::DispatchError> {
+		#[allow(unused_imports)]
+		use frame_support::PalletId;
+		log::info!("Bifrost `post_upgrade`...");
+		let old_pallet_id: PalletId = PalletId(*b"nuts/sta");
+
+		let pool_count: u32 = PoolCount::<T>::get();
+		for pool_id in 0..pool_count {
+			if let Some(pool_info) = Pools::<T>::get(pool_id) {
+				let old_account_id: T::AccountId =
+					old_pallet_id.into_sub_account_truncating(pool_id);
+				for (_, &asset_id) in pool_info.assets.iter().enumerate() {
+					let old_balance = T::Assets::free_balance(asset_id, &old_account_id);
+					assert_eq!(old_balance, Zero::zero());
+
+					let balance = T::Assets::free_balance(asset_id, &pool_info.account_id);
+					if balance != Zero::zero() {
+						continue;
+					} else {
+						log::info!(
+							"New pool {:?} asset_id {:?} free_balance is zero.",
+							pool_id,
+							asset_id
+						);
+					}
+				}
+			} else {
+				log::info!("Pool {:?} not found", pool_id);
+			}
+		}
+
+		Ok(())
+	}
+}
diff --git a/runtime/bifrost-kusama/src/lib.rs b/runtime/bifrost-kusama/src/lib.rs
index 0d2ee5f1a0..db656c80ed 100644
--- a/runtime/bifrost-kusama/src/lib.rs
+++ b/runtime/bifrost-kusama/src/lib.rs
@@ -325,6 +325,7 @@ parameter_types! {
 	pub const FarmingBoostPalletId: PalletId = PalletId(*b"bf/fmbst");
 	pub const LendMarketPalletId: PalletId = PalletId(*b"bf/ldmkt");
 	pub const OraclePalletId: PalletId = PalletId(*b"bf/oracl");
+	pub const StableAssetPalletId: PalletId = PalletId(*b"bf/stabl");
 }
 
 impl frame_system::Config for Runtime {
@@ -1640,9 +1641,6 @@ impl bifrost_stable_asset::traits::ValidateAssetId<CurrencyId> for EnsurePoolAss
 		true
 	}
 }
-parameter_types! {
-	pub const StableAssetPalletId: PalletId = PalletId(*b"nuts/sta");
-}
 
 /// Configure the pallet bifrost_stable_asset in pallets/bifrost_stable_asset.
 impl bifrost_stable_asset::Config for Runtime {
@@ -1901,11 +1899,11 @@ pub type Migrations = migrations::Unreleased;
 
 /// The runtime migrations per release.
 pub mod migrations {
-	#[allow(unused)]
-	use super::*;
+	use crate::Runtime;
+	use bifrost_stable_asset::migration::StableAssetOnRuntimeUpgrade;
 
 	/// Unreleased migrations. Add new ones here:
-	pub type Unreleased = ();
+	pub type Unreleased = StableAssetOnRuntimeUpgrade<Runtime>;
 }
 
 /// Executive: handles dispatch to the various modules.
diff --git a/runtime/bifrost-polkadot/src/lib.rs b/runtime/bifrost-polkadot/src/lib.rs
index ccf117c986..b73584025d 100644
--- a/runtime/bifrost-polkadot/src/lib.rs
+++ b/runtime/bifrost-polkadot/src/lib.rs
@@ -309,6 +309,7 @@ parameter_types! {
 	pub const FarmingBoostPalletId: PalletId = PalletId(*b"bf/fmbst");
 	pub const LendMarketPalletId: PalletId = PalletId(*b"bf/ldmkt");
 	pub const OraclePalletId: PalletId = PalletId(*b"bf/oracl");
+	pub const StableAssetPalletId: PalletId = PalletId(*b"bf/stabl");
 }
 
 impl frame_system::Config for Runtime {
@@ -1311,9 +1312,6 @@ impl bifrost_stable_asset::traits::ValidateAssetId<CurrencyId> for EnsurePoolAss
 		true
 	}
 }
-parameter_types! {
-	pub const StableAssetPalletId: PalletId = PalletId(*b"nuts/sta");
-}
 
 /// Configure the pallet bifrost_stable_asset in pallets/bifrost_stable_asset.
 impl bifrost_stable_asset::Config for Runtime {
@@ -1705,8 +1703,12 @@ pub type Migrations = migrations::Unreleased;
 /// The runtime migrations per release.
 pub mod migrations {
 	use crate::Runtime;
+	use bifrost_stable_asset::migration::StableAssetOnRuntimeUpgrade;
 	/// Unreleased migrations. Add new ones here:
-	pub type Unreleased = bifrost_asset_registry::migration::InsertBNCMetadata<Runtime>;
+	pub type Unreleased = (
+		bifrost_asset_registry::migration::InsertBNCMetadata<Runtime>,
+		StableAssetOnRuntimeUpgrade<Runtime>,
+	);
 }
 
 /// Executive: handles dispatch to the various modules.