$ELONFI
Heating UpSnapshot Window: 2026-07-10 22:00 UTC · ← Back to Crypto Overview
Social Momentum Summary
Total Engagement - Comments: 49, Retweets: 1, Likes: 68, Impressions: 762
Verbatim Community Citations & Social Evidence 1 source posts analyzed
Stablecoin 1.0 put the dollar on chain. Stablecoin 2.0 is about "changing who owns the economics." @rjvollono of @stbl_official tells @RemyBlaireNews the old model had users providing all the value while issuers captured all the yield, with STBL moving toward ecosystem owned [Spoken audio]: There have been a lot of headlines regarding stablecoins recently. So when it comes to USST, what is the competitive advantage here? Sure. Good morning, Remi. Great to be with you. USST is part of what we call Stablecoin 2.0. And what that means, Stablecoin 1.0 was essentially putting the dollar on chain and proving, validating that there is massive demand for digital dollars. Stablecoin 2.0 is about changing who owns the economics. So for the past decade there's essentially been one business model for stablecoin issuers and that is the user provides the value and the issuer captures all of the yield and that's worked very well especially for the centralized issuers. However the economics have been in one sided. And our view is simple. The users, the ecosystems creating the value should be able to participate in the value. So if a bank is using a stable coin for their customers, or if an exchange is using it to support transactions or a layer one for DeFi protocols, why should all that value flow to a third party issuer? And so this is the paradigm shift behind STBL. We are moving from issuer-owned money to ecosystem-owned money. The way we do that is with our native, our core asset, our stablecoin, USST. We have developed an innovative yield-separating strategy that essentially isolates the yield component of tokenized treasuries and money market funds and allows the dollar exposure, the principal, to move freely as a stablecoin. So an example would be an ecosystem, an enterprise, a crypto native, a bank, a corporate treasury could use the protocol to mint against tokenized treasury and money market funds, a selection that we have approved. They get their dollar equivalent stablecoin in the form of USST and they also get an NFT. And the NFT is their yield accrual right to their underlying collateral. So this separation is very powerful. What we've done is we've isolated the securities component to enable the dollar to move freely, just like any other stablecoin. And that yield is infinitely composable. So an ecosystem can decide how they want to allocate it. They can use it to incentivize different customer behaviors or roll out new products or simply use it for corporate treasury management. We think in a post-clarity act environment where yield solely as a function of holding is prohibited as the language currently is written, we think this yield structure will be very interesting in a compliant yield strategy. So this is what we're building. Ultimately, we're building what we call money as a service where anybody can come in, mint their own stable coins, keep their yields, and importantly, get the data on how this value is moving through that ecosystem. That's something they've never had access to before and that's something they get with STBL.
