Harsh Patel

Value is always in social context if you take out social context of value there is no value

It’s almost time.

Team STBL is heading to Consensus Miami. Stay tuned for @Reeve_Collins's panel on “How Stablecoins Are Rewriting the Rules of Money” and more insights live from Consensus with @rjvollono If you’ll be there, let’s meet: stbl.com/contact-us Looking forward to connecting with builders, institutions, and leaders shaping what’s next in digital assets.

Adoption starts with the right conversations. If you’re excited about RWAs, tokenization, and the decentralization of stablecoins, let’s talk: stbl.com/contact-us

🧵 $STBL Weekly Update: Shipping Infrastructure While most stablecoin projects talk about what they'll build, STBL is quietly shipping production-grade features This week's update shows real technical progress across 4 major workstreams Thread on what's actually being built👇

Building a Global Programmable Money Infrastructure requires a clear, phased strategy. We’re deploying a scalable, transparent, efficient financial layer - powering Stablecoin 2.0 and enabling true Money-as-a-Service. Join today’s X Space to deep dive into what’s next with @avtarsehra @Reeve_Collins & @stucturedfi x.com/i/spaces/1MJgN…

Your newest AI security engineer has just arrived. Cygent isn't just an AI bug scanner; it learns your codebase, works alongside your team, and writes the PRs to fix them. - Finds bugs - Gets on calls - Schedules tasks - Proactive security advice All in your chat interface 🧵

MASSIVE: 🇪🇺 UBS. Société Générale. Banque de France. All bringing repo markets to Ethereum. BlackRock tokenized bonds. Franklin Templeton tokenized ETFs. Now central banks are tokenizing repo markets. The global repo market is worth $12.5 trillion. Just 1% on-chain si $125,000,000,000. Retail is still debating which L2 will win. Institutions already chose the base layer. They're not experimenting. They're transitioning.

@pashov Will like to get this access

New "efficiency and effectiveness boost" Skill coming to pashov/skills tomorrow. Threat & Trust modelling, invariants, documentation quality, diagrams, and some special additions. Free, built for devs & whitehats. Early access(today) on request. Hope the value is appreciated🫡

Unpacking the risks, controls, and trade-offs behind real-time payments as they go global 🌍 🎤 Speakers: • Alexandra Soroko (@Visa) • @StaniKulechov (@aave) • @kshahin77 (@Mastercard) • Mehtaj Syed (Kinexys) • @rjvollono (@stbl_official) 🎙️ Moderated by Anne-Sophie Kappel (DEA)

Multichain is the foundation for a universal stablecoin economy. With @wormhole NTT powering $USST across Ethereum and BNB Chain, we're taking the first step toward unified liquidity and customisable yield that move freely across ecosystems. Bridge now: bridge.stbl.com

Elevating Stablecoin Risk Taxonomy: Introducing NAD (Not A Depeg) for Operational Clarity The rapid evolution of stablecoin infrastructure demands a more granular risk vocabulary. Calling every price deviation a “depeg” is imprecise and often fuels unnecessary panic, as took place over the weekend with Ethena. To enable the industry, from issuers to regulators, to better understand and react to volatility, we must collaborate on defining systemic vs. temporary risk. That’s why I propose a new term: NAD (Not A Depeg) Events. NAD Events = temporary, non-systemic deviations These are usually driven by secondary market factors - thin liquidity, routing glitches, or market perception. Importantly, redemption mechanics + collateral backing remain intact. Two NAD categories: A. Local Secondary Deviation 1. Confined to one venue or pool 2. Caused by thin books, bad routing, or tech factors 3. Primary redemptions remain healthy 4. Example: USDe’s brief dislocation on a single venue (Oct ‘25) B. Global Secondary Deviation 1. Spread across multiple venues 2. Driven by perception/supply-demand imbalances 3. Still: primary redemptions fully functional 4. Example: GYEN at Coinbase - demand spike sent price above peg Now, contrast with True Depeg Events = primary market failures These are systemic, where redemption elasticity is compromised: C. Redemption Stress 1. Redemptions delayed/paused 2. Collateral intact, but time-risk grows 3. Example: USDC (Mar ‘23) during SVB fallout D. Collateral Failure 1. Underlying collateral itself is questioned or impaired 2. Primary health broken, peg can’t be defended 3. Example: Terra/Luna collapse (‘22) Stablecoins live and die by their peg. But not all deviations are equal. By distinguishing NAD (market-driven noise) from True Depeg (issuer-linked failure) we enable clearer communication for regulators, issuers, and users - and stronger confidence in the ecosystem. The full overview of this analysis is at the link below: stbl.com/blog/stablecoi…

STATEMENT ON RECENT MARKET SPECULATION We are aware of recent social media discussions concerning STBL, its team, and ecosystem activities. As always, we welcome healthy scrutiny grounded in facts and transparency, and would like to clarify a few key points for our community and partners. 1. Team and investor allocations No STBL team or investor wallets have sold or transferred tokens to exchanges, as reaffirmed in our previous transparency update: x.com/stbl_official/… All allocations remain subject to the published vesting schedules, fully verifiable on-chain. $STBL Tokenomics: docs.stbl.com/tokenomics-and… The project maintains disciplined supply management, with less than 5% of unlocked tokens expected to be used for operations this quarter, a structure designed for long-term alignment and deflationary net circulation through buybacks and burns. We would also like to clarify that STBL is not associated in any way with Wintermute or any entity referenced in recent speculation. Neither STBL nor its affiliated entities have sold any tokens; in fact, the team has continued to accumulate on-market positions to reinforce long-term confidence. 2. USST collateralization and status USST is a dollar-denominated, RWA-backed stable asset, currently in the final stages of launch. Minting Module and the Multi Factor Staking (MFS) Module are both undergoing external audit and final testing. Subject to successful completion, STBL will: - Go live with USST/YLD minting on dapp.stbl.com, using tokenized RWAs on October 10, 2025 - Launch Multi Factor Staking by October 24, 2025 - Initiate USST mints targeting $100 million, starting with USDY, OUSG and iBENJI as primary collateral - Begin $STBL buybacks of up to $1 million per month from October 31, 2025 USST is backed 1:1 by tokenized U.S. Treasuries and money-market funds, held with regulated tier-1 custodians. Comparing $STBL’s market capitalization to early-stage USST collateral is therefore a category error! $STBL is a governance and value-accrual token, not a stablecoin itself. 3. Community and communications integrity We have grown through verified organic engagement across DeFi, stablecoin, and RWA communities. Our independent audits consistently show a healthy and legitimate follower base. We continue to work with recognized analytics and reputation partners to maintain transparency and data integrity. 4. Independent analysis of recent events We are engaging an independent third-party blockchain intelligence firm to analyze the recent orchestrated attack campaign and associated wallet activity. Their findings, along with all verifiable on-chain data, will be made available to the community once the review is complete. This initiative reflects our continued commitment to fact-based transparency and to protecting the integrity of the STBL ecosystem. 5. Partnerships and marketing programs STBL’s partnerships and marketing initiatives are strategic and transparent, with all material collaborations disclosed through official channels. Our focus remains on institutional integrations, ecosystem development, and product-led growth, not speculative promotion. Recent campaigns have prioritized awareness ahead of protocol readiness milestones, aligning communications with tangible progress. 6. Leadership and long-term vision Our founding and leadership teams have built and scaled multi-billion-dollar businesses in digital assets, fintech, and payments. We remain focused on building the programmable foundation for ecosystem liquidity, with USST as the stable, yield-backed asset and STBL as the tokenized value layer that powers and accrues from it. We encourage all participants to verify data on-chain and rely on primary, verifiable sources rather than anonymous commentary. Our commitment remains unchanged: to build the world’s most credible, transparent, and institutionally aligned stablecoin infrastructure. Onward and upward 🚀

The future of money conversations are picking up. As I said at Token2049: by 2030, stablecoins will be the default form of money and at @STBL_official, we’re building the next generation of them. cointelegraph.com/news/all-curre…

Launch Readiness Update - STBL Protocol is entering launch phase on Ethereum. USST & YLD Minting → Oct 10, 2025 - STBL Multifactor Staking → Oct 24, 2025 - Institutional USST Mint Program kicks off with USDY - Up to $1M $STBL buybacks monthly → Oct 31, 2025 Full details in the thread 👇

Product: Minting (USST & YLD) 1. Status: V0.5 in external audit and live testing. 2. Network: Ethereum. 3. Target launch: October 10 2025. 4. How it works: Users acquire supported RWA instruments (e.g., USDY, OUSG initially, followed by BENJI, BUIDL, et al). Via the STBL dApp, users lock the RWA to mint two on‑chain assets: - USST : a fungible stable token representing principal, designed for broad DeFi utility. - YLD : a yield‑accruing NFT linked to the underlying RWA, intended for eligible, whitelisted holders. 5. Launch note: We will publish the dApp URL and a user guide at go‑live. 6. Design intent: Separate principal for utility (USST) while preserving yield rights (YLD) for compliant distribution among whitelisted parties. This maximizes principal composability while aligning with regulatory expectations.

STBL Community Update : Launch Readiness & Next Steps Executive Summary We are entering launch readiness for the STBL protocol on Ethereum. Version V0.5 of the Minting module and the Multi Factor Staking module are both in external audit and final testing. Subject to successful audit completion, we plan to: 1. Minting: Go‑live on Ethereum with Minting USST/YLD using RWAs on October 10 2025. 2. MFS: Go‑live on Ethereum with Multi Factor Staking by October 24 2025. 3. Execution: Commence our initial USST mint program targeting $100 million of mints, initially against USDY followed by iBENJI, starting October 10 2025. 4. Buybacks: Initiate STBL buybacks up to $1 million per month for three months, beginning October 31 2025. 5. Token Supply: Maintain a disciplined token supply release. We expect to use less than 5% of Q4’s unlocked supply for operations, e.g. ecosystem development and treasury, with net circulating supply likely deflationary due to buybacks and burns. 6. Marketing: We remain focused on product readiness and commercial execution, and we are upgrading marketing and communications to match the standard we set in engineering and business development.

One man's journey from Tether to STBL: A Chat with Reeve Collins x.com/i/broadcasts/1…

@Reeve_Collins full report: arcane-gems.notion.site/I-m-bullish-on…