# STBL

> Own your economy with Stablecoin 2.0

STBL is a Money-as-a-Service platform that lets ecosystems issue programmable stablecoins backed by tokenized real-world assets.

STBL lets collateral providers mint USST stablecoins while retaining yield rights through YLD, an NFT representing their share of protocol returns. The Principal-Yield Split model directs earnings to collateral providers rather than the protocol itself. STBL token holders govern treasury distribution through votes on buybacks, token burns, and staking rewards.

- Type: Company
- Sector: Finance
- Founded: 2024-01-01
- Profile: https://thegrid.id/profiles/stbl

## Products

- [STBL Protocol](https://thegrid.id/profiles/stbl): STBL Protocol is a decentralized stablecoin issuance infrastructure using a Principal-Yield Split architecture to separate principal and yield across USST, a USD-pegged stablecoin backed by tokenized real-world assets, YLD, a yield claim NFT, and STBL, a governance token. Each USST mint against RWA collateral generates a corresponding YLD yield token. Smart contracts on Ethereum and BNB Smart Chain support Ecosystem Specific Stablecoin issuance, Multi-Factor Staking, and a Tri-Factor Peg model for USST price stability. (Stablecoin Issuer, Live, Main Product)

## Assets

- [USST (USST)](https://thegrid.id/profiles/stbl): USST is a USD-pegged stablecoin issued by the STBL protocol. It is used for payments, trading, and lending, and serves as the interoperability layer connecting Ecosystem Specific Stablecoins across multiple blockchains. Unlike first-generation stablecoins where issuers capture yield, USST separates principal from yield at minting, with collateral providers receiving a co-minted YLD token to claim accrued earnings directly. (Stablecoin)
- [YLD (YLD)](https://thegrid.id/profiles/stbl): YLD is a yield claim NFT issued by the STBL protocol. It is minted alongside USST when users deposit tokenized real-world assets as collateral, representing the right to claim the yield generated by those assets over time. It enables clean separation of principal and yield, allowing collateral providers to earn returns from RWAs while the USST stablecoin remains freely spendable and liquid. (NFT)
- [STBL (STBL)](https://thegrid.id/profiles/stbl): STBL is the governance token of the STBL protocol. It is used to vote on protocol upgrades, collateral parameters, fee structures, and treasury allocations across multiple blockchains. Protocol fees from USST minting flow to an on-chain treasury, redistributed through buybacks, token burns, and Multi-Factor Staking rewards, tying protocol growth directly to token value. (Governance)

## Links

- [Main](https://www.stbl.com)
- [Whitepaper](https://cdn.stbl.com/files/Whitepaper.pdf)
- [Media Kit/branding](https://www.stbl.com/brand)
- [Blog](https://blog.stbl.com)
- [Documentation](https://docs.stbl.com)
- [Terms of Service](https://www.stbl.com/terms-and-conditions)
- [Privacy policy](https://www.stbl.com/privacy-policy)
- [Twitter / X](https://x.com/stbl_official)
- [YouTube](https://youtube.com/@UCGfyx-Yue8t9kHNa-nk0cFQ)
- [Telegram](https://t.me/Stbl_Official)
- [Discord](https://discord.com/invite/stbl)

## Legal

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Model 1 - open data. The open data core is licensed under the Open Database License (ODbL) — a copyleft/share-alike license allowing free use, modification, and sharing for any purpose. Attribution is required: include "Powered by The Grid" linking to https://thegrid.id wherever the data is used. Derivative databases must be shared under ODbL terms. Trademarks, logos, and brand names (marked "Special TPIP") are not covered by the ODbL. For ML/AI use: training datasets that substantially extract ODbL data are Derivative Databases and must be shared under ODbL if publicly used; models must be attributed in documentation.

Model 2 - commercial licenses. The Grid Data Service (TGDS) is also available as a commercial license. See [Web Services Terms](https://about.thegrid.id/legal/web-services-terms) for commercial use that is not covered by the open data service.

The following applies to both licensing models.
- All data is provided AS IS with no guarantees of accuracy.
- The Grid does not provide investment, legal, or tax advice, and
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- [Data Licensing & Disclaimers](https://about.thegrid.id/legal/data-licensing-and-disclaimers): Licensing models and disclaimers
- [Open Data (ODbL)](https://about.thegrid.id/legal/open-data): Open Database License terms and scope for The Grid's open data service.
- [Attribution Guidelines](https://about.thegrid.id/legal/open-data-attribution-guidelines): How to attribute The Grid's data when using the open data service.
- [Web Services Terms](https://about.thegrid.id/legal/web-services-terms): commercial Terms for using data services.
- [All Legal Documents](https://about.thegrid.id/legal): Full index of terms, policies, and disclosures

## Optional

- [TGS Field Descriptions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-field-descriptions.md): Schema field definitions for The Grid's data model
- [TGS JSON Structure](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-json-structure.md): Data model structure and relationships
- [Product Type Definitions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-definitions.md): Definitions for each product type
- [Product Type Classification](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-classification.md): Guide for classifying products into types
- [Grid MCP Guide](https://github.com/The-Grid-Data/workspace-public/blob/main/grid-search/skills/grid-query/references/grid-mcp-guide.md): How to query The Grid programmatically via MCP