Overview
- STBL confirmed USDY will serve as the primary reserve asset to support up to $50 million of new USST issuance.
- USDY is a yield-bearing token backed by short-term U.S. Treasuries and bank deposits with a first-priority security interest held by an independent agent.
- STBL’s dual-token architecture keeps USST non-yielding for payments while a separate YLD instrument carries the yield rights.
- On-chain controls include dynamic mint-and-burn, adjustable haircuts and fee routing, plus issuer and custodian allowlists for streamlined compliance.
- The Oct. 10 launch was announced across Dubai, London, and New York, with market watchers noting potential demand effects but little immediate price reaction.