STBL launches USST on Stellar to unlock institutional RWA liquidity

STBL launched USST on the Stellar network on July 1, 2026. The stablecoin is backed by tokenized treasury collateral and is aimed at institutional holders of real‑world assets who want onchain liquidity while retaining yield‑bearing positions.

The launch was carried out in partnership with the Stellar Development Foundation and runs on STBL’s Stablecoin 2.0 infrastructure. Institutions can deposit qualifying real‑world assets, such as tokenized treasuries or money market funds, to mint USST. The protocol supports settlement, collateral mobility and cross‑border payments.

Initial minting on Stellar will use eligible tokenized treasury collateral, beginning with USDY. STBL plans to add Franklin Templeton’s BENJI as a second collateral option but has not set an integration date. The company has not disclosed initial USST minting volumes on Stellar.

Dr. Avtar Sehra, CEO and co‑founder of STBL, commented: “Institutional investors increasingly hold tokenized treasuries and money market funds, but they still face a trade‑off between maintaining DeFi exposure and accessing liquidity. USST removes that trade‑off.”

Raja Chakravorti, chief business officer at the Stellar Development Foundation, noted the integration supports infrastructure needs for tokenized real‑world assets, including liquidity, settlement and utility.

STBL was co‑founded by Dr. Avtar Sehra and Reeve Collins, the latter having previously founded Tether. The company’s dual token architecture underpins other branded stablecoins and has been used in deployments on X‑Layer, where USST can serve as a reserve asset. STBL said it will expand the list of eligible collateral over time to include more asset issuers and RWA providers.

For institutional investors holding tokenized treasuries or money market funds, USST provides a way to convert asset exposure into onchain liquidity without exiting existing yield positions. The Stellar Development Foundation said Stellar has processed billions of operations since its launch and is positioned to support real‑world asset issuance and cross‑border token movement.