STBL、Ondo 和 USDY：徹底改變穩定幣抵押品

STBL 與 Ondo Finance 合作，使用 USDY 作為抵押品，釋放了 5000 萬美元的鑄幣能力，並通過代幣化儲備開創了穩定幣設計的新時代。

The world of stablecoins is evolving, and at the forefront of this evolution is the strategic partnership between STBL and Ondo Finance. This collaboration is all about bringing innovation to stablecoin collateral, specifically focusing on STBL, Ondo, and USDY.

穩定幣世界正在不斷發展，而處於這一發展前沿的是 STBL 和 Ondo Finance 之間的戰略合作夥伴關係。此次合作旨在為穩定幣抵押品帶來創新，特別關注 STBL、Ondo 和 USDY。

USDY as Primary Collateral: A Game Changer

USDY 作為主要抵押品：遊戲規則改變者

STBL.com, is joining forces with Ondo Finance, designating USDY, Ondo’s tokenized yield-bearing asset backed by short-term U.S. Treasuries and bank deposits, as primary collateral within STBL’s reserve structure, unlocking up to $50 million in USST minting capacity.

STBL.com 與 Ondo Finance 聯手，將 Ondo 的由短期美國國債和銀行存款支持的代幣化收益資產 USDY 指定為 STBL 儲備結構中的主要抵押品，釋放高達 5000 萬美元的 USST 鑄幣能力。

Dr. Avtar Sehra, Co-Founder and CEO of STBL, puts it best: "Stablecoin design has to catch up with reality: the world is moving to tokenized reserves." This partnership aims to create a multi-tier, overcollateralized framework that enables the use of institutional-grade assets on-chain.

STBL 聯合創始人兼首席執行官 Avtar Sehra 博士說得最好：“穩定幣設計必須趕上現實：世界正在轉向代幣化儲備。”此次合作旨在創建一個多層、超額抵押的框架，使機構級資產能夠在鏈上使用。

What Makes USDY Ideal?

是什麼讓 USDY 成為理想選擇？

USDY brings several key ingredients to the table: quality collateral, clear governance, and strong controls. This allows USST to scale utility without sacrificing stability. USDY complements STBL’s architecture as a fully collateralized instrument that delivers dollar-denominated yield to eligible holders while preserving investor protections.

USDY 帶來了幾個關鍵要素：優質抵押品、明確的治理和強有力的控制。這使得 USST 能夠在不犧牲穩定性的情況下擴展實用性。 USDY 作為一種完全抵押工具補充了 STBL 的架構，為合格持有者提供以美元計價的收益，同時保留投資者保護。

Reeve Collins, Co-Founder and Chairman of STBL, emphasizes that this partnership helps extend alignment into the heart of the reserves, making stablecoins true public-utility infrastructure for both crypto and traditional markets.

STBL 聯合創始人兼董事長 Reeve Collins 強調，這種合作夥伴關係有助於將一致性擴展到儲備的核心，使穩定幣成為加密貨幣和傳統市場真正的公用事業基礎設施。

Ian De Bode, Chief Strategy Officer at Ondo Finance, highlights the excitement around USDY driving STBL’s growth with $50 million in reserve capacity, demonstrating how institutional-grade, tokenized yield-bearing reserves underpin the future of the digital asset ecosystem.

Ondo Finance 首席戰略官 Ian De Bode 強調了 USDY 以 5000 萬美元的儲備能力推動 STBL 增長的興奮，展示了機構級、代幣化的收益儲備如何支撐數字資產生態系統的未來。

STBL’s Innovative Reserve and Compliance Framework

STBL 的創新儲備和合規框架

STBL’s framework separates principal and yield into two distinct instruments. USST functions as a fully backed, non-interest-bearing stablecoin for payments and on-chain collateral, while YLD carries the rights to yield from the underlying assets and is accessible only to eligible holders. This structure enables compliant yield distribution while maintaining USST’s role as a permissionless medium of exchange.

STBL 的框架將本金和收益率分為兩種不同的工具。 USST 作為一種完全支持的、無息的穩定幣，用於支付和鏈上抵押品，而 YLD 則擁有從基礎資產中獲取收益的權利，並且只有符合條件的持有者才能使用。這種結構可以實現合規的收益分配，同時保持 USST 作為無需許可的交換媒介的角色。

Looking Ahead

展望未來

Together, STBL and Ondo aim to demonstrate how yield-bearing tokenized assets can serve as compliant, transparent collateral for stablecoins across both DeFi and institutional markets.

STBL 和 Ondo 共同致力於展示具有收益的代幣化資產如何作為 DeFi 和機構市場中穩定幣的合規、透明的抵押品。

While STBL (the token) may have its ups and downs in the volatile crypto market, as seen with its recent dip, this partnership with Ondo signals a strong commitment to innovation and stability in the stablecoin space. So, keep an eye on STBL, Ondo, and USDY—they might just be the future of stablecoins, and who knows, maybe STBL token will rebound like ASTER did!

雖然 STBL（代幣）在波動的加密貨幣市場中可能會出現起伏，從最近的下跌可以看出，與 Ondo 的合作表明了對穩定幣領域創新和穩定性的堅定承諾。所以，請關注 STBL、Ondo 和 USDY——它們可能就是穩定幣的未來，誰知道呢，也許 STBL 代幣會像 ASTER 一樣反彈！