STBL

STBL introduces a groundbreaking approach to stablecoins by separating the core utility of a dollar-pegged asset from its yield-generating potential. This is achieved through a dual-token model: USST, a fungible, overcollateralized stablecoin pegged to the U.S. dollar; and YLD, a tokenized stream of yield that accrues automatically from the real-world assets backing each USST. This separation allows users to transact freely with USST while retaining full access to the yield — without staking, lockups, or withdrawal delays.

The core strength of STBL lies in its use of real-world assets (RWAs) like short-term U.S. Treasury bills, money market instruments, and other regulated, yield-bearing securities. These assets are tokenized and transparently held on-chain, enabling users to verify reserves and yield generation in real time. The protocol aims to bridge traditional finance (TradFi) stability with the transparency and programmability of DeFi.

Another defining feature is the governance structure powered by the $STBL token. Holders of STBL can participate in protocol decisions — from collateral type approval and fee configuration to upgrade proposals. This makes STBL a decentralized and community-aligned ecosystem rather than a black-box product controlled by a single entity. Governance ensures continuous alignment between user interests and protocol performance.

By offering a stablecoin experience with no staking requirements, no synthetic tokens, and fully auditable collateral, STBL positions itself as a more transparent and sustainable alternative in the growing world of on-chain finance. It's suitable for individuals, institutions, and developers who need secure, yield-generating stablecoins they can actually trust. Whether for payments, savings, or protocol integrations, USST and YLD offer a composable foundation for the next generation of decentralized finance.

STBL exists within a growing ecosystem of stablecoins and DeFi yield platforms. Here are some of the most notable:

• Frax Finance (FRAX) — A partially algorithmic stablecoin protocol with a complex mix of crypto and reserve-backed assets. STBL provides clearer yield attribution and RWA exposure.
• Tangible (USDR) — A real estate-backed stablecoin offering exposure to yield-bearing physical assets. STBL takes a broader RWA approach and avoids dependency on a single asset class.
• Ethena Labs (USDe) — Issues a delta-neutral synthetic stablecoin (USDe) backed by staked ETH and futures. In contrast, STBL emphasizes transparency, RWA exposure, and zero synthetic dependencies.

STBL provides numerous benefits and features that make it a standout platform in the stablecoin and DeFi space:

• No-Stake Yield: Simply hold YLD to start earning yield. No staking, farming, or liquidity locking required.
• RWA-Backed Collateral: Backed by tokenized treasury bills and fixed-income assets, providing real value and transparency.
• Instant Liquidity: Redeem USST 1:1 anytime — your yield remains with you.
• Governance via $STBL: Community members vote on collateral choices, fees, and protocol upgrades.
• Secure and Open: Audited, non-custodial smart contracts ensure security while remaining open to developers and users.
• Transparent Reporting: All collateral and protocol actions are on-chain and time-stamped for full visibility.

Getting started with STBL is simple:

1. Visit the official STBL website and connect your Web3 wallet.
2. Mint USST: Use approved collateral to mint USST, the USD-pegged stablecoin.
3. Receive YLD: Automatically receive YLD tokens representing your yield — no extra steps needed.
4. Use or redeem anytime: Hold, trade, or redeem your tokens as needed — full liquidity, no lockups.
5. Join governance: Stake or time-lock $STBL to participate in governance and shape the future of the protocol.