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Revolution in finance: New stablecoin STBL from Tether founder!
Reeve Collins presents STBL, a new stablecoin that combines transparency, regulatory clarity and data protection in on-chain financing.
Revolution in finance: New stablecoin STBL from Tether founder!
Reeve Collins, co-founder of Tether, has launched a new stablecoin project called STBL, which has already established itself on major exchanges such as Binance Alpha, Kraken and ByBit. With STBL, Collins aims to revolutionize on-chain financing through the use of blockchain technology. What's special about STBL is that it enables settlement via US Treasury securities, which represents a step towards greater regulatory clarity and user privacy, such as crypto.news reported.
A key feature of STBL is the public disclosure of reserve data on the blockchain, providing transparency to both regulators and users. Compliance is enforced via licensed entities at the custodian layer while maintaining user privacy. STBL uses zero-knowledge tools for verification without disclosing sensitive information.
Innovative architecture and triple token system
STBL's token model involves minting two tokens to ensure stable payments: USST (Stable Payment Token) and YLD (Yield NFT). KYC requirements and whitelisting for regulated yields are provided, while USST circulates freely as a digital currency. At the same time, the triple token system of USST, YLD and STBL is designed to align incentives within the ecosystem. About 80% of the value flows to USST's minters, and only 20% is reserved for the overhead costs of the protocol as well as redistribution to the community.
An important aspect of the STBL system is the separation of income and payments. This is to maintain stability and avoid risks that could arise when income is embedded into every transaction. The stablecoin's peg is backed by over-collateralized assets such as US treasuries, which are held transparently on the blockchain. Additionally, STBL implements continuous rebalancing of collateral inventory to enable immediate redemptions and avoid reliance on market confidence.
Risks and geopolitical dimensions
The STBL protocol architecture is designed to not only hedge against financial risks but also consider geopolitical risks. By holding reserves in U.S. Treasury securities with multiple custodians, resilience is ensured against possible instabilities. It is important to note that stablecoins are increasingly viewed as geopolitical tools, serving as a financial lifeline in highly inflationary countries, for example, and influencing global competition.
However, the adoption of stablecoins by nation states requires enormous throughput capacity as well as integration with central bank systems. Collins remains optimistic that stablecoins will emerge as public infrastructure to meet these needs.
STBL thus shows how cryptocurrencies and blockchain technology are not only technological innovations, but can also play a significant role in the modern financial landscape and geopolitics.