The Three Tokens

STBL operates a three-token architecture, with each token serving a distinct, non-overlapping function:

1. USST — The Universal Stablecoin (Principal)

A dollar-pegged, over-collateralized stablecoin minted when users deposit approved tokenized RWA collateral. USST is fully transparent on-chain, redeemable, and acts as the interoperability and liquidity layer connecting every ESS in the STBL network. It is designed to be freely spendable, tradeable, and usable across DeFi.

2. YLD — Yield Claim NFT

An NFT minted alongside USST at the moment of collateral deposit, representing the right to the yield generated by that specific collateral. YLD accrues over time, is eligible for scheduled yield distributions, and remains fully independent and transferable, separate from the principal. It's what allows minters to keep earning even after their USST is spent or deployed elsewhere. YLD also serves as the LP token to redeem the collateral linked with the minting position.

3. STBL — Ecosystem Utility Token

STBL is the utility token that powers access and incentives across the broader ecosystem. It's designed to grant users targeted access to product features within ESS and USST, serve as an incentive mechanism for users engaging with integrated lending, borrowing, and other third-party protocol integrations, and unlock preferential rates for holders across ecosystem protocols. The token may also support burn-for-reward mechanics, where users burn STBL to access specific ecosystem functionality or rewards. Exact parameters and mechanics will be finalized and announced as individual product integrations go live.