Tether and RWA Pioneers Launch STBL Startup for GENIUS-Compliant Digital Dollars

Traditional finance has long separated capital from coupons, allowing investors to divide interest payments from principal. Now, blockchain innovators are applying this concept to tokenized assets through new startup STBL. The platform replicates TradFi's zero-coupon structures by converting digital assets into dollar-pegged stablecoins and yield-generating NFTs. This enables investors to hold components separately based on risk preferences. Unlike conventional stablecoins where issuers retain Treasury returns, STBL allows depositors to become minters and keep yields. The protocol transforms yield-bearing RWAs like Franklin Templeton's BENJI or BlackRock's BUIDL into stablecoin USST for DeFi collateral and yield-accruing NFT YLD. Co-founded by Tether veteran Reeve Collins and Kaio founder Avtar Sehra, STBL aligns with U.S. GENIUS Act by separating principal from yield. The synthetic peg mechanism maintains 103% over-collateralization with money market assets. STBL's governance token debuted successfully in September 2025, reaching $1.3 billion market cap after hitting $2.3 billion within 24 hours. The protocol plans $100 million BENJI minting and new partnerships before public Q4 launch.