Altcoin Arena: STBL

What Is STBL?

1. What Is STBL?

STBL is a decentralized stablecoin protocol that integrates yield generation and governance features. Unlike traditional stablecoins that only maintain a peg to fiat currencies, STBL operates a three-token system: USST (USD-pegged stablecoin), YLD (yield-bearing NFTs representing underlying asset income), and STBL (governance token). This setup enables users to hold liquid stablecoins while earning passive income separately.

2. Why STBL Was Created

Traditional stablecoins often require users to lock up capital or forgo yield. STBL solves this by decoupling stablecoin liquidity from yield-bearing assets, allowing users to transact with USST while separately earning passive income via YLD tokens, overcoming limitations of liquidity and income generation in existing stablecoin systems.

3. How STBL Works

1. Users deposit eligible real-world assets (RWAs) into the STBL protocol.
2. USST stablecoins are minted in return, which can be used for transactions or DeFi activities.
3. YLD tokens, represented as non-transferable NFTs, are issued to reflect users' claim on the yield generated from RWAs.
4. The underlying RWAs generate yield over time, credited to YLD token holders.
5. STBL token holders can participate in governance, voting on protocol upgrades, treasury management, and other key decisions.

4. Key Features of STBL

• Three-token system separating stablecoin liquidity (USST), yield (YLD), and governance (STBL).
• Backed by tokenized real-world assets such as treasuries and money-market funds.
• Passive yield generation without locking up funds.
• Decentralized governance through STBL token.
• Transparent and secure smart contract-based reserve management.

5. Who Can Use STBL?

• Retail users seeking stablecoins with yield opportunities.
• Institutions looking for compliant and transparent stablecoin solutions.
• Developers integrating stablecoins and yield features into decentralized applications.
• Governance participants interested in shaping protocol decisions.

6. What Is the $STBL Token?

$STBL is the governance token of the STBL protocol, allowing holders to vote on upgrades, treasury management, and protocol decisions. It also functions as an incentive mechanism, rewarding participants and supporting the network's ecosystem. With a capped supply and strategic allocation, $STBL ensures long-term protocol sustainability and community engagement.