STBL Launches GENIUS-Aligned Stablecoin and Yield-Bearing NFT Platform

A new startup, STBL, is bringing traditional finance strategies to tokenized assets by emulating zero-coupon strip structures. It converts digital assets into a dollar-pegged stablecoin and a yield-bearing NFT, allowing the separation of interest payments from the principal.

The product enables asset holders to retain returns, unlike regular stablecoins like USDT, where issuers keep profits.
Depositing a yield-bearing on-chain asset into STBL splits it into a stablecoin (USST) and a yield-accruing NFT (YLD).
This design aims to align with regulatory frameworks such as the U.S. GENIUS Act by separating principal from yield.
The USST stablecoin maintains its dollar peg through over-collateralization and an incentive system.
The decentralized governance token, also called STBL, debuted successfully, reaching a market value of $1.3 billion, peaking at $2.3 billion.
Future plans include a $100 million minting with Franklin Templeton’s BENJI token and partnerships with other firms.