Stablecoin 2.0: Reeve Collins Introduces Community-Controlled $USST

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Stablecoin 2.0: Reeve Collins Introduces Community-Controlled $USST — Image source: Unblock Media

Tether co-founder unveils transparent, community-powered stablecoin ecosystem.
STBL.com bridges real-world assets and blockchain for financial inclusion.

Reeve Collins, co-creator of the world’s first stablecoin, Tether, has launched an initiative to revolutionize the stablecoin space with Stablecoin 2.0. On September 11, 2025, Cointelegraph reported that Collins unveiled STBL.com, a new protocol focused on creating productive, transparent, and community-owned stablecoins.

STBL.com introduces USST, a stablecoin backed by tokenized real-world assets (RWAs) such as Treasury bills and money market funds. The platform allows entities called “Minters” to supply these tokenized assets, mint USST, and capture the yield simultaneously. This system seeks to differentiate itself from Tether and other traditional stablecoins that centralized rewards primarily to corporate issuers.

According to Collins, Stablecoin 2.0 enables users to hold and transact with USST while putting the yield-generating component into a separate token known as YLD. These tokens distribute value back to the community of Minters rather than a central entity. Users benefit from liquidity and returns while the governance and decision-making around collateral types and fees remain decentralized, managed by holders of STBL governance tokens.

The new venture emphasizes transparency and accountability, with Collins describing this system as public infrastructure aimed to empower communities over corporations. By leveraging blockchain technology, STBL.com ensures real-time reserve verification and traceable value flows, making the model both scalable and resilient.

Collins highlighted risk management mechanisms built into the protocol, including smart contract audits, reliance on secure oracles, and community-driven governance decisions. A dynamic mint-and-burn mechanism helps stabilize USST’s $1 peg while maintaining collateral diversity and adaptability across changing market conditions.

As of September 11, 2025, at 15:08 UTC, Tether USDt (USDT) is trading at $1 with a 0% change in price over the last 24 hours, according to CoinMarketCap. USDC (USDC) is also trading at $1, showing a 0.002% increase during the same period.