Overview

STBL introduces a modular and capital-efficient dual-token architecture that transforms tokenized real-world assets (RWAs) into stable, liquid, and yield-generating digital assets. Upon collateralization of assets such as U.S. Treasury Bills or Insurance Industry Assets (IIAs), two distinct tokens are minted:

• USST:

USST is an RWA-backed, overcollateralized stablecoin designed for transparency, utility, and user control.

It’s redeemable 1:1 and fully composable across DeFi—

serving as the entry point into a system where yield is split at mint and returned to users.

Minting USST initiates the flow of value—activating incentives not just for the minter, but for those who expand the network.

As adoption scales, early participants benefit from increased circulation and aligned protocol growth.

• YLD:

USST pioneers a dual-token model that splits principal and yield at the protocol layer.

When you mint USST, you also receive YLD—a programmable NFT that tokenizes your yield stream as a composable, on-chain asset.

By decoupling yield from principal, users can redeem, transfer, or deploy USST freely—while YLD continues to accrue returns independently.

This yield-splitting architecture, delivered through NFT infrastructure, is a first-of-its-kind design—engineered to give users full custody of their earnings.

GOV is the governance token that empowers users to shape the protocol—from collateral onboarding and yield parameters to upgrades and treasury policy.

Voting power is earned by participating in the system, ensuring those most aligned with STBL’s success have a voice in how it evolves.

This decentralized structure keeps decision-making transparent, adaptable, and accountable to the community that powers it.