Reviewing @stbl_official STBL is dubbed Stablecoin 2.0, innovatively transforming traditional financial yield assets (like treasury bonds and money market funds) into a tradable USD stablecoin through a decentralized protocol. Founders: USDT co-founder Reeve Collins, former Libre Capital CEO Avtar Sehra Collateral required for minting the stablecoin: - Tokenized fund token launched by Franklin Templeton (managing over $1.4 trillion in assets): Franklin Templeton BENJI (FOBXX) - BlackRock (the world's largest asset manager, managing over $10 trillion in assets) launching its first tokenized fund in March 2024: buiDL - Ondo USDY - Future expansion: money market funds, treasury bond ETFs, etc. Three-token mechanism: AmericaT: A USD-pegged stablecoin used for circulation, collateral, and DeFi activities. Maintains 103% over-collateralization. YLD NFT: A yield-accumulating non-fungible token, allowing holders to exclusively enjoy interest generated by assets (e.g., treasury yields). Governance token: stbl Protocol components: Vault; minting module; scaling module As for the economic model, we’ve tweeted about it before. The project has also completed a $1 million buyback, demonstrating transparent execution.