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 - 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]

@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]