The aim of this paper is to propose a stabilization technique in order to c
ircumvent the two inf-sup conditions needed for stability of the discretiza
tion of the three fields formulation for domain decomposition methods (foll
owing the work of Brezzi & Marini). Realization of this technique in terms
of wavelets is presented. Furthermore, the resulting discrete problem is sh
own to admit an asymptotically optimal preconditioner also based on wavelet
s.