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Overview

STBL introduces Stablecoin 2.0 — a new design that separates stability, yield, and governance into three distinct tokens.

The first generation of stablecoins proved that money could move across blockchains. STBL takes this a step further: money can move and work — for users, for builders, and for the community.

Why Three Tokens?​

Instead of forcing stability, yield, and governance into a single asset, STBL cleanly separates them. This makes the system:

  • Clear: Each token has a single, transparent purpose.
  • Efficient: USST stays liquid while YLD captures yield independently.
  • Fair: $STBL ensures value flows back to the community, not just institutions.
  • Resilient: Decentralized governance and on-chain transparency make the system sustainable.

The Three Tokens at a Glance​

USST — The Stablecoin​

USST is a USD-pegged stablecoin backed by tokenized real-world assets (RWAs). It remains stable, liquid, and redeemable, giving users confidence that every USST is transparently collateralized.

YLD — The Yield Claim NFT​

When USST is minted, YLD is also created. YLD represents the right to the yield generated by the underlying collateral. This separation allows USST to stay fully liquid for payments or trading, while YLD accrues yield over time.

$STBL — The Governance & Value Token​

$STBL empowers the community to govern the protocol — from collateral onboarding to treasury policy. It also captures value through mechanisms like staking rewards, premium buybacks, and protocol incentives, ensuring long-term alignment between growth and community ownership.

Together, USST, YLD, and $STBL form the foundation of Stablecoin 2.0: money that is stable, yield-generating, and community-owned.