Reeve Collins Introduces Stablecoin 2.0 to Transform RWA-backed Money

- Reeve Collins, co-creator of Tether, has launched a next-generation stablecoin protocol, STBL.com. - The platform introduces "Stablecoin 2.0," emphasizing productivity, transparency, and community ownership. On September 11, 2025, Cointelegraph reported that Reeve Collins, the co-creator of Tether, announced the launch of a revolutionary stablecoin protocol, STBL.com. The protocol introduces "Stablecoin 2.0," a model designed to be a productive, transparent, and community-owned alternative to traditional corporate-driven systems. At its core, this next-generation stablecoin uses tokenized real-world assets (RWAs), such as Treasurys and money market funds, to back its value. The STBL.com protocol distributes the yield from these tokenized assets directly to users and minters, an approach that differs from the traditional model where centralized issuers retain most profits. The system allows "minters" to deposit RWAs as collateral and mint the stablecoin, USST. Through this process, they receive USST for transaction liquidity and a separate yield-bearing token, YLD. This dual-token mechanism lets users use USST as a stable medium of exchange while also benefiting from the yield their underlying collateral generates. Holders of the STBL token manage the protocol's governance, with the authority to vote on adjustments to collateral types, fees, and system upgrades. This community-driven approach ensures adaptability and resilience and aligns with the broader trend of shifting from corporate-controlled to community-owned financial infrastructures. To maintain the stability of the USST’s $1 peg, the protocol incorporates arbitrage incentives that encourage minters to adjust the supply based on price fluctuations. High-quality collateral and conservative risk parameters further reinforce these stability mechanisms. According to Collins, the protocol mitigates risks like smart contract vulnerabilities, collateral volatility, and oracle manipulation by using third-party audits, low-risk collateral, and multiple independent price feeds. Meanwhile, according to CoinMarketCap, as of September 11 at 16:14 UTC, Tether (USDT) was trading at $1, with a 0.015% decrease in 24-hour trading volume. Similarly, USDC remained pegged at $1, experiencing a 0.001% decline in 24-hour trading volume. These metrics reflect the evolving dynamics of the stablecoin market.