Highlights
- Binance Alpha is set to list STBL, a new governance token backed by the Tether co-founder.
- The listing and trading will begin on September 13, with an exclusive airdrop for Alpha Point Holders.
- STBL introduces a DeFi-RWA model separating liquidity, yield, and governance.
Binance Alpha is all set to launch a new token, STBL, this week. Interestingly, it promises to bring a fresh approach to stablecoin design with a DeFi-RWA fusion. Notably, it’s the governance token of Reeve Collins, who is also the co-founder of Tether, the biggest stablecoin. With this backing and concept, the project is already drawing attention, and the Binance listing is further supporting it.
Binance Alpha to List STBL Token on September 13
World’s most popular cryptocurrency exchange Binance’s Binance Alpha has announced the official listing of the STBL token tomorrow, September 13, 2025. Notably, the listing is part of the platform’s early-access program for the emerging crypto projects. More importantly, the Alpha Point Holders will get exclusive access to the STBL airdrop via the Alpha Events Page.
- Source: X, Binance Wallet
The trading will officially begin on September 13, marking the first public listing of the token before the main exchange debut. Notably, the token is not ordinary as Tether co-founder Reeve Collins is backing this governance token, who recently raised $1 billion for a major crypto fund.
Additionally, it had a pre-seed funding led by Wave Digital Assets, bringing investor confidence to the token.
How STBL Token Will Function?
STBL aligns with the growing demand and interest in stablecoins, as its anchors to the same to combine the reliability of traditional assets with decentralized infrastructure. It is part of the three-token model to separate liquidity, yield, and governance: USST, a stablecoin backed by the U.S. Treasury bonds (Real World Assets or RWAs), and is at the center of the ecosystem.
YLD is a token representing the yield generated from these underlying assets, and STBL is the governance token that oversees the protocol and manages upgrades. It governs the entire protocol and allows holders to vote on fees, rewards, risk, and treasury policies, roadmap proposals, and more.
How STBL Differs from Other Stablecoin Models?
“The STBL token is designed to serve as the governance layer of the stablecoin ecosystem. It represents our vision for giving users an active role in shaping how stablecoins evolve and ensuring that the benefits of real-world asset backing flow directly to the community,” says Reeve Collins.
STBL token is different from the traditional stablecoins like USDC and USDC as it separates yield from liquidity, whereas the others keep all yield or DAI. This ‘yield splitting’ solves a major problem of the stablecoin market, which is the need to choose between earning income and using funds.
Introducing @stbl_official ✍🏼
Founded by @Reeve_Collins, co-founder of Tether (USDT is most used stablecoin in the world)
This time, he’s building to provide yield for onchain RWA investors!
Why you should pay attention ⤵️
💠 How STBL Works
– Protocol that allows users to… pic.twitter.com/KNZrrq06P5— Elisa (@eeelistar) September 10, 2025
Notably, when the USST is created, users will also receive YLD tokens automatically, a right to yield from underlying assets. This way it ensures simultaneous participation in the DeFi protocols (using USST) while continuing to earn income from RWAs through YLD.
On comparison with the Ethena USDe, it is reportedly better for institutional adoption and risk management as it is fully backed by real-world assets.
While this is significant, the recent Jean Tirole concerns about stablecoins still echo concerns. It has to see what a difference STBL brings with promises of stronger backing and transparency.
For now, the Binance Alpha listing is a bullish step for the token, and additional exchange listings in the future may test it further.
Frequently Asked Questions (FAQs)
1. What is the STBL token?
2. When and where will the STBL token be listed?
3. What role do USST and YLD play in the STBL ecosystem?
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