Protocol Development - STBL 将其 RWA 支持的稳定币 USST 转变为跨链代币 (CCT)，使其能够在 BNB Chain 和 Ethereum 上进行原生传输 [1] - 该跨链功能由 Chainlink CCIP 提供支持 [1] Technology Integration - STBL 正在集成 Chainlink Price Feeds，以支持围绕 USST 的安全市场 [2] - 集成利用防篡改市场数据和 Chainlink 基础设施，该基础设施已实现数万亿美元的交易价值 [2]

Core Insights - STBL has experienced a significant decline, losing 80% of its value from its peak, raising concerns about transparency and trust within the project [1][2] - The founding team faces accusations of selling millions of dollars' worth of tokens, leading to speculation about potential insider trading [3][4] - Despite the controversy, STBL plans to mint 100 million USST and launch a repurchase program by the end of October, aiming to restore investor confidence [1][7] Market Performance - STBL's value dropped from an all-time high of approximately $0.60 to a low of about $0.0797, before slightly recovering to $0.11478, with a current market cap near $58 million [2] - On-chain data indicates that five large addresses sold all their STBL holdings, realizing around $17 million in profits, which has raised suspicions of coordinated sell-offs [3][4] Community Reactions - The crypto community has expressed concerns over the actions of large traders, with some labeling them as "snipers," suggesting possible insider involvement [4][5] - STBL's CEO has defended the integrity of the trading activity, asserting that the accounts involved were "orchestrated and professional" [5][6] Company Statements - The STBL team has publicly denied any internal involvement in the sell-off, emphasizing the transparency of their treasury operations and that no changes have been made to allocations or vesting schedules [6] - The team is focused on building the protocol and community adoption, stating that tokens vesting this quarter will not be minted or enter circulation [6]

Group 1: Core Insights - Stablecoins are entering a "2.0 era," characterized by community-driven digital money that promises faster and cheaper transactions, posing a threat to traditional banking systems [1] - The narrative surrounding stablecoins has shifted, with major financial institutions now eager to participate due to increased regulatory acceptance [2] - The new venture STBL aims to modernize the stablecoin model for the Web3 era, reflecting a significant change in the stablecoin landscape [2] Group 2: STBL Model - STBL divides a traditional stablecoin into three components: a stable token (USST) pegged to the U.S. dollar, a yield-bearing token (YLD) that captures interest from collateral, and a governance token (STBL) [3][7] - Unlike existing stablecoins like USDT or USDC, where issuers retain the yield on reserves, STBL's model returns the yield to users who provide collateral [4] - The platform utilizes tokenized U.S. Treasuries as collateral to issue a yield-bearing NFT and the stablecoin USST, allowing collateral providers to reap the rewards [5]

Core Insights - A new mint window of $50 million has opened for the USST dollar-pegged stablecoin, with Ondo Finance's USDY selected as the main collateral, indicating a strategic move to enhance dollar liquidity through tokenized US Treasuries [1][3] - The partnership aims to strengthen the stablecoin design by separating daily liquidity from yield streams, which helps maintain the peg while allowing issuers to retain yield [2][3] Group 1 - STBL has chosen USDY, a yield-bearing token backed by short-term US Treasuries and bank deposits, to support the issuance of new USST [2][3] - The integration of USDY into STBL's minting process is expected to increase demand for USDY and enhance its role as collateral for real-world assets [4] - The design of USST emphasizes overcollateralization and on-chain governance, which could lead to a more stable and scalable stablecoin ecosystem [5] Group 2 - STBL's CEO highlighted the need for stablecoin designs to evolve with the trend towards tokenized reserves, suggesting a shift in the industry [4] - The success of the USDY integration will depend on mint volumes, DeFi listings, and new partnerships that expand USDY's utility [5] - USDY is supported by treasuries and bank deposits, aiming to demonstrate that institutional-grade collateral can scale stablecoin supply without liquidity loss [6]

Core Insights - STBL.com has announced a strategic collaboration with Ondo Finance to mint up to $50 million in USST backed by Ondo's USDY, highlighting the integration of stablecoins with real-world asset tokenization [1][4]. Group 1: Tokenization and Stablecoins - Tokenization involves converting assets like cash or treasuries into tokens using blockchain technology, allowing for global access and automated financial services [2]. - Stablecoins, such as USST, are cryptocurrencies designed to maintain a stable value by being pegged to fiat currencies or commodities, differentiating them from more volatile cryptocurrencies [3]. Group 2: Collaboration Impact - The partnership signifies a trend where institutional-grade tokenized assets are expected to play a crucial role in the future of stablecoin reserves [4]. - Ondo Finance's USDY is positioned to enhance STBL's growth by providing quality collateral and governance, which are essential for scaling utility without compromising stability [4]. Group 3: STBL's Stablecoin Model - STBL's model separates principal and yield into two distinct instruments: USST, which is fully backed by principal value, and YLD, a yield-bearing NFT linked to the underlying real-world assets [5].

Core Viewpoint - The emergence of STBL represents a significant innovation in the stablecoin market, allowing for the separation of principal and yield in tokenized assets, akin to traditional finance's zero-coupon strip structures [1][2][3] Group 1: Product Overview - STBL converts digital assets into a dollar-pegged stablecoin and a yield-bearing NFT, enabling investors to hold or sell components based on their risk preferences [2] - The product is currently in beta testing and aims to enhance the stablecoin issuance model by allowing depositors to retain returns on their tokenized assets, unlike traditional stablecoin issuers [3][4] Group 2: Market Positioning - STBL's mission is to transform stablecoins from corporate products into public infrastructure, emphasizing that minters, rather than issuers, will retain the value of reserves, marking a shift towards "Stablecoin 2.0" [4][5] - The design aims to comply with regulatory frameworks, such as the U.S. GENIUS Act, by separating principal from yield, thus maintaining a non-security status [5] Group 3: User Interaction - Users who deposit yield-bearing assets from recognized funds like Franklin Templeton or BlackRock receive an NFT that controls the vault, allowing them to accrue interest while using the stable asset for various financial purposes [6]

New Stablecoin Launch - Tether's co-founder is launching STBL, aiming to define the next era of stablecoins [1] - STBL is already live on Binance Alpha [2] Key Features of STBL - Liquidity + Yield: Deposit assets (USDY, OUSG, BUIDL), mint USST to spend, while holding YLD NFT to keep your yield [1] - Points Program: Early users can stack big STBL rewards through the live Points Program [1] - Dual token model: USST for liquidity + YLD for yield, designed to let your stablecoin work harder [1] Partnership Disclosure - The company has a partnership with STBL, urging users to DYOR (Do Your Own Research) [2]

@stbl_official .@stbl_official introduces a dual-asset model:• USST – a spendable stablecoin• YLD – a token that captures the yield from collateralThis design separates stable value from yield, expanding how stablecoins can be used. ...

Overview - Stablecoin is achieving product-market fit, driving adoption for TradeFi and institutions [1] - $STBL aims to define the next phase of stablecoin narrative [1] Innovation of $STBL - $STBL separates yield and principal, allowing users to enjoy utility without sacrificing earnings [1] - Minting $STBL yields two assets: $USST (stablecoin) and $YLD (yield-bearing NFT) [2] - $STBL eliminates the trade-off between liquidity and returns [2] Backing & Liquidity - $STBL is backed by tokenized Treasuries and money market funds like Franklin Templeton's BENJI and Ondo's USDY [2] - $STBL unlocks RWA liquidity by turning tokenized treasuries & RWAs into USST stablecoin + YLD yield [3] - TradFi assets now flow into DeFi, enhancing liquidity and returns [3] Team & Launch - Reeve Collins, the creator of Tether, is behind $STBL [1] - TGE (Token Generation Event) is coming soon [3]

Overview of $STBL Stablecoin - $STBL aims to redefine the stablecoin narrative by separating yield and principal, allowing users to enjoy utility without sacrificing earnings [1] - Reeve Collins, the creator of Tether, is behind $STBL [1] $STBL's Innovative Mechanism - $STBL introduces a new mechanism where minting yields two assets: $USST (stablecoin) and $YLD (yield-bearing NFT) [2] - Users can spend $USST while $YLD continues to generate yield, eliminating the trade-off between liquidity and returns [2] Asset Backing and TradFi Integration - $STBL is backed by real-world assets (RWAs) such as tokenized Treasuries and money market funds like Franklin Templeton's BENJI and Ondo's USDY [2] - $STBL aims to unlock RWA liquidity by converting tokenized treasuries and RWAs into $USST stablecoin and $YLD yield [3] Market Momentum and Future Plans - $STBL has secured $500 million in institutional minting commitments [3] - Token Generation Event (TGE) is coming soon [3]