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Token Utility​

STBL’s token ecosystem is built around three key tokens that serve distinct functions within the protocol. Each token plays a vital role in enabling governance, staking, collateralization, and rewards.

1. USST – The Stablecoin for Transactions and Payments​

USST is the core stablecoin of STBL, pegged to the U.S. dollar and backed by tokenized real-world assets (RWAs). It is used as a medium of exchange and provides a secure and decentralized alternative to traditional stablecoins.

Key Utilities of USST:​

  • Stable Transactions: Enables everyday payments with low volatility and high stability.
  • DeFi Integration: Used in lending, borrowing, and liquidity provisioning in DeFi platforms.
  • Medium of Exchange: Facilitates trading and commerce across blockchain networks.
  • Liquidity Bootstrapping: When staked in the Liquidity and Minting Pool (LAMP), USST holders earn governance rewards in USST tokens.

2. YLD – The Yield-Bearing Token​

YLD represents the accrued interest generated from RWAs and provides users with passive income without requiring them to actively stake or lock funds.

Key Utilities of YLD:​

  • Yield Accumulation: YLD tokens continuously generate interest based on the performance of the underlying collateral.
  • Tradability: Can be traded on secondary markets or used as collateral for additional liquidity.
  • Compounding Returns: Users can reinvest YLD into STBL to further increase their yield.

Unlike traditional yield models that rely on borrowing or leverage, STBL enables a risk-minimized approach where users earn sustainable returns through tokenized RWAs.

3. USST – The Governance and Incentive Token​

USST is the governance token of STBL, granting holders the ability to participate in protocol decisions and access exclusive staking rewards.

Key Utilities of USST:​

  • Governance Participation: USST holders can vote on protocol upgrades, risk parameters, and treasury management decisions.
  • Staking Rewards: Users can stake USST to earn additional incentives in the form of protocol fees and USST distributions.
  • Collateral Functionality: Can be used to secure key protocol functions, enhancing the system’s stability.
  • Incentivized Liquidity Contribution: Users who contribute to USST liquidity pools receive USST rewards, promoting a stable financial ecosystem.

Additionally, STBL introduces USST (Staked USST), a time-locked derivative of USST that amplifies voting rights and reward allocations based on the staking duration.

4. Incentives for Token Holders​

To encourage ecosystem growth, STBL rewards active participants with additional benefits:

  • Minters: Users who mint USST receive a share of governance rewards via USST tokens.
  • Liquidity Providers: Those who provide liquidity for USST trading pairs earn transaction fees and protocol incentives.
  • Long-Term Stakers: Users who lock USST or stake USST in LAMP gain higher rewards over time.