Everyone is an old sucker, and actually, we don't need to say it to know that when we usually use stablecoins in the encryption circle, we subconsciously think of USDT and USDC first?

Over the years, they have always been a relatively reassuring choice for everyone, being the big brother of the industry, whether for daily transfers or trading, their stability and versatility are unquestionable.

However, when everyone uses it, I believe they will occasionally ponder this sentence: Knowing that stablecoins are backed by government bonds and money market funds to ensure value, and can also generate returns.

However, most of these profits are managed by the issuing institutions. As ordinary users, we mainly enjoy the peace of mind that comes with the "1 dollar peg". As for the profits, we always feel it would be better if we could benefit a bit more.

However, a new stablecoin called @stbl_official $STBL has been gaining attention recently. It is a new protocol created by Reeve Collins, co-founder of Tether, along with his team, and the idea is quite practical!

That's right, it's the project everyone is tired of from Binance ALPHA, it has already reached 800U+. First, congratulations to everyone! It's a super invincible big project!

The core of the project is to truly put the "profits that originally allowed users to share" into everyone's hands. Next, let's not beat around the bush with complicated terms; we'll explain STBL clearly from its positioning, how it specifically operates, what supports it, the details of its implementation, and the future plans all at once. If you have time, you can take a look:

1. The core of $STBL: it is not just a stablecoin, but a protocol where users can earn yields.

The USDT and USDC we usually use have proven to be reliable and convenient over the years - whether it's transferring money, buying coins, or daily trading, the stability and practicality are unquestionable, and everyone uses them with peace of mind.

However, $STBL is a bit different from them; it is not just an ordinary stablecoin, but more like a thoughtful solution that allows us users to actually earn profits.

Its core idea is very practical: after we put in low-risk reliable assets (such as mainstream low-risk government bonds and real, tangible assets like Ondo's USDY), we can obtain two tangible rights, each of which has its own utility.

A part is a stablecoin that is pegged to the US dollar at a 1:1 ratio, called USST. This thing is no different from the USDT we usually use. You can flexibly use it to transfer money to friends, buy other cryptocurrencies, or even earn a bit of small returns in DeFi by providing liquidity, without any restrictions, whatever is convenient.

Another part is the "Yield Certificate," called YLD. The interest earned from the assets we invest (such as the low-risk government bonds mentioned earlier) will automatically go into this certificate, without the need for us to stake them separately or lock them up. When the time comes, we can directly withdraw the interest, which is particularly hassle-free.

Let me give you a simple example: If you take 1000 USD in low-risk government bonds to mint coins, on one hand, you can get 1000 USST, and you can use them however you want, without affecting your daily operations at all;

On the other hand, if this government bond can earn 5% interest in a year (which amounts to 50 USD), this 50 USD will ultimately be given to you through YLD, and it won't just stay on the platform. In fact, this is the most distinct feature of STBL — it delivers the earnings that should belong to us users directly into our hands.

2. Core gameplay: Three token models, newbies can also "earn effortlessly".

The mechanism of STBL is straightforward: the roles of the three tokens are clearly defined, there’s no need to monitor the market or renew, making it easy for beginners to use.

The most comfortable thing is "not to struggle" - after minting, USST can be used freely, YLD accumulates interest automatically, without the need for frequent operations like other DeFi, and it can perfectly balance stability and profitability.

3. Memorization: From team to security, the word "stability" is paramount.

1. Team: Stablecoin veterans at the helm, less pitfalls make it more reliable
Core figure Reeve Collins is a genuine veteran of stablecoins – he was a co-founder of Tether and personally accompanied USDT from an unknown small project to becoming an industry benchmark with a trillion-dollar market value.

All along the way, he knows very well where the "lifeline" of stablecoins lies: how to ensure compliance, how to protect users' asset security, and how to make everyone truly trust it; he has practical experience with these key issues.

Compared to new teams that have not experienced the ups and downs of the industry, Reeve can avoid many pitfalls in advance, such as asset control issues and compliance violations, fundamentally reducing the likelihood of taking detours.

2. Institutional Cooperation: encryption + traditional double-circle endorsement, with strong resources and confidence
The collaboration "circle of friends" of STBL is very practical, whether in the encryption circle or the traditional financial circle, there are reliable partners supporting it:

1) Established collaborations:
Partnering with leading projects in real-world assets (RWA) like Ondo allows for direct access to high-quality low-risk assets (such as government bonds and money market funds mentioned earlier), which is the core source of user returns;

Also, a deep collaboration was made with the encryption media Cointelegraph, and the compliance details will be clearly disclosed, allowing users to see more clearly.

2) Proposed partners:
It has been reported that discussions are taking place with top institutions in the traditional finance circle for cooperation. If this comes to fruition, STBL could access higher quality low-risk assets (such as highly rated corporate bonds), and the stability and security of the returns could reach a new level.

3) Financing Background: Backed by quality institutions in the encryption circle, Wave Digital Assets leads the investment. This institution has previously invested in several compliant and reliable projects, ensuring the funding side is secure, so there’s no need to worry about the "lack of funds to operate" issue.

3. Launch and Security: Binance Recognition + Multiple Protections, making it安心 to use.
STBL has done everything possible to ensure security and reliability upon its launch, allowing users to feel at ease.

1) Launch platform: On September 16, it has already landed on Binance's Alpha section. It is important to know that Binance has very strict compliance and underlying qualification reviews for projects going live. Being able to enter the Alpha section means that the platform has already put a preliminary check for users and recognizes that its underlying logic is sound.

2) Security Audit: Contract security has dual protection - it has been audited by the well-regarded auditing agency Nethermind in the encryption circle, and the audit by another recognized institution Cyfrin is also nearing completion. The risks at the code level have mostly been checked.

3) Risk Control: Two layers of protection were implemented to reduce risk:
First, "over-collateralization" means that if a user pledges 100 USD worth of assets, they can mint a maximum of 80 USST, which corresponds to leaving a 20% "safety cushion" to mitigate any small fluctuations in the underlying assets.

Second, a "loss pool" has been specifically established. In case there are minor issues with the underlying assets, money will first be taken from the loss pool to cover it, ensuring that our users' principal and earnings are not affected, and extreme risks are kept very low.

4. TGE Launch Live Report

After going online, the price has risen steadily and has been stretching, with the single number of Binance Alpha even reaching around 800U+, definitely a big profit. Given this background and strength, it is also within a reasonable range, completely different from those projects that have experienced dramatic ups and downs!

5. Practical operation: Minting coins + earning interest, it can be done in four steps.

There are always people who find DeFi operations complicated, but in fact, STBL simplifies the process to make it very understandable - just take the example of having 1000 USD "tokenized US Treasury bonds" (which can be obtained from Ondo), and you can complete it in four steps:

1) Collateralization is very simple: open the STBL dApp (collateralize 1000 USD in government bonds, the operation is not difficult;

2) Coin minting automatically: The system will automatically handle the rights splitting - giving you 1000 USST (which can be used directly), while generating 1 YLD NFT (which will clearly state the maturity date of the bonds, expected annualized return, and the information is clear at a glance);

3) Earning interest without worries: The interest generated from government bonds (for example, 4.17 USD per month) will be automatically credited to YLD, and if you want to understand the earnings, you can see them by opening the dApp;

4) Redemption is very flexible: After the government bonds mature, you can return 1000 USST, destroy the YLD NFT, and then withdraw the collateralized government bonds and all the interest, with no locking period. If you no longer want to participate, you can exit at any time.

6. Future Plans: No empty promises, just do "real things".

STBL talks about future plans without shouting empty words like "disrupting the industry"; all thoughts are focused on "making it more convenient and useful for everyone," mainly in two directions:

First is the multi-chain layout, specifically designed to lower the entry barrier. Currently, it is mainly used on Ethereum, and has already connected with EVM chains such as Arbitrum, Polygon, and Base — using USST on these chains incurs gas fees that are over 90% lower than Ethereum itself, making it easier for ordinary users to afford.

Moreover, the Solana testnet has been launched, and it will cover more non-EVM chains in the future. No matter which chain you are accustomed to using, you can easily use STBL without being tied to a single ecosystem.

Second, ecological expansion allows USST to "really be useful". In terms of assets, in addition to the current national bonds, there are plans to add high-quality assets such as low-risk corporate bonds and money market funds, so that everyone can choose suitable return methods based on their acceptable risk.

In the scene, we will collaborate with more DeFi projects (like Curve, Compound) to allow USST to be used for liquidity mining and collateral lending, making it more applicable in daily use — after all, the usability of stablecoins ultimately depends on "where they can be used."

7. Objective perspective: worth paying attention to, but don't rush in blindly.

The advantages of STBL are actually quite clear: it just happens to fill the gap of traditional stablecoins' "no yield," and it is backed by Reeve's past experience, plus it has received regulatory recognition from Binance. With the endorsement of resources from institutions, it is much more reassuring than many newly launched stablecoins.

However, we must also pay attention to two practical issues:

First, user habits need to be cultivated gradually. USDT and USDC have already spread to every corner of the encryption circle, whether it's exchanges, wallets, or DeFi; everyone is accustomed to them. STBL wants users to change their habits, but it cannot be rushed; it requires long-term accumulation of scenarios to gradually wear in.

Second, the returns cannot be "set in stone." The current annualized rate of 4%-5% is supported by government bonds, but if the Federal Reserve adjusts interest rates or if there are fluctuations in traditional financial markets, the returns will definitely change, and we cannot expect these returns to remain stable.

You can focus on two signals later:
One is whether BlackRock's cooperation can be implemented - if it is really implemented, the asset quality and credibility will rise significantly;

The other is whether the trading volume of USST can increase - if the trading volume goes up, it indicates that there are indeed people using it, rather than being a useless "air stablecoin."

If both of these signals are met, STBL is likely to become the "third choice" beyond USDT and USDC, especially suitable for two types of people: one type is beginners who want to earn stable returns and do not want to mess around; the other type is long-term investors who value compliance and prefer "low-risk projects."

Overall, STBL is not the type of project that attracts attention through hype; it is more like Reeve's "secondary innovation" in the stablecoin field—there's no need to rush in, but it's worth adding to your "watchlist" to see if it can truly deliver on the promise of "allowing users to earn returns". Alright, that's all for today!

#STBL # USST #YLD