Did you know Reeve Collins, the Co-founder and first CEO of Tether, is back with something new? Check out @stbl_official. Most stablecoins today fall into 3 buckets, and each has issues: i) Crypto-backed → tied to volatile assets, not always stable ii) Centralized reserves → backed by banks/custodians, trust risk iii) Algorithmic → backed by code, breaks under stress That’s where $STBL comes in, the protocol token. (TGE SOON) The idea is pretty simple but very different from what we’ve seen before. When you mint with STBL, you don’t just get a stablecoin. You actually mint two things: 1. USST → stablecoin = instant liquidity 2. YLD → NFT = accrues yield on your locked collateral This way, you can use your stablecoin normally, while your yield still flows to you in the background. No trade-off between using your money or earning on it. What’s backing it? Real on-chain assets like tokenized Treasuries and money market funds from issuers like Ondo (USDY). Basically, tradfi...
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