Just caught up on some homework @stbl_official. What is this thing? Totally slipped under my radar. The Binance token intro says: STBL is the first stablecoin protocol that unlocks utility without sacrificing yield. By depositing on-chain RWA, users can mint AmericaT (a spendable stablecoin) while separately earning yield through the YLD token. STBL is the governance and value accrual token of the ecosystem. STBL was founded by Reeve Collins (co-founder of Tether) and is backed by Wave Digital Assets. They’re building the next-gen stablecoin infrastructure to make RWA-backed liquidity both accessible and valuable. I took a look at the mechanism: The highlight is that they split the stablecoin into a truly stable part and a yield-bearing certificate part. It’s like giving back the interest that USDT and other stablecoins usually take from users. Here’s a simple example: Let’s say you use $1,000 in treasury bonds (APY 5%) to mint: You’ll get 1,000 AmericaT (a stablecoin you can spend freely) and a YLD NFT that automatically accumulates interest. After a year, not only will you still have 1,000 AmericaT (usable like USD), but you’ll also earn the treasury bond yield. But putting all that aside, the key point is that it’s RWA and a project by the USDT founder. Why is it so low-key though? Good thing I instinctively bought in at launch. Just now, someone might’ve fat-fingered and bought a whole chunk, almost drained the pool. LOL . Even after this pump, the FDV is still under $90M. Definitely a low-key dark horse lately. I took some profits, holding the rest to see if any CEX is willing to pick it up.