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Introduction to STBL

STBL is a decentralized, non-custodial protocol introducing the next evolution of stablecoins — Stablecoin 2.0.

Instead of trying to bundle stability, yield, and governance into a single token, STBL cleanly separates them across three tokens:

  • USST — a USD-pegged stablecoin Minted by locking tokenized real-world assets (RWAs) as collateral. USST is liquid, stable, and can be freely used for payments, trading, or reserves.

  • YLD — a yield claim NFT When USST is minted, a YLD token is also created. YLD represents the right to claim the yield from the collateralized RWAs. Yield accrues continuously to YLD holders.

  • $STBL — the governance and value-accrual token $STBL powers decentralized governance and captures protocol value through mechanisms like staking rewards, premium buybacks, and community incentives.