Avtar Sehra

What does it take for digital assets to move from a volatile asset class to institutional-grade financial infrastructure? At Proof of Talk 2026, Paris, STBL Co-Founder and CEO @avtarsehra joined industry leaders to unpack exactly that - from the resilience of on-chain infrastructure to the accelerating institutional shift toward tokenization. The industry's risk management and settlement infrastructure has proven itself, and that's why traditional institutions are now moving on-chain with conviction. Capital is flowing into real-world assets, tokenized equities, and compliant on-chain products - and the question is no longer whether to tokenize, but what to build with these assets on-chain. This is the paradigm STBL is built for: infrastructure that effectively manages stability, yield, and risk, so institutions and ecosystems can put RWAs to work on rails designed for the next generation of finance. Watch the full discussion: youtube.com/watch?v=hcHiqY…

Stablecoins are evolving. @stbl_official is building Stablecoin 2.0, separating payments from yield to power tokenized RWAs. • Co-founded by Tether's Reeve Collins • Partners: OKX Ventures & Securitize The money layer for RWAs, on @Solana.

11,549 wallets have already minted test $RXUSD on testnet - a strong signal of early momentum. The response from the ecosystem has been incredible, with builders and users actively exploring what's next. The Genesis Points Program is still open. Claim 100 Early Bird Points while a limited number of founding spots remain. Register now at #register" target="_blank" rel="nofollow noopener">getrxusd.com/incentives#reg…

Security and transparency remain core to the USST infrastructure. Prior to the launch of USST on Stellar, the protocol was independently audited by @Hashlock_ , adding an additional layer of assurance for institutional participants and ecosystem stakeholders building with USST. As we continue expanding institutional grade stablecoin infrastructure, our focus remains on: • Robust security practices • Transparent reserve visibility • Reliable on-chain infrastructure • Scalable settlement for tokenized assets Mint USST on Stellar: stellar.stbl.com

USST has launched officially on @StellarOrg. USST is now live on Stellar, marking another step in the growth of tokenized real-world asset infrastructure on the network. Using STBL’s technical architecture, eligible users can deposit supported tokenized assets, beginning with USDY, to mint USST for settlement and other institutional asset workflows. Through strategic ecosystem integrations, USST is expected to support expanded onchain utility across eligible venues and institutional use cases, including liquidity, settlement, and collateral mobility. By enabling multiple pathways for liquidity and settlement, USST is designed to support utility within the Stellar network’s growing RWA ecosystem, including for eligible holders of tokenized treasuries and money market funds. Explore more stellar.stbl.com

The recent Forbes feature on STBL Co-Founder @Reeve_Collins reiterates our vision of a decentralized financial future. The financial system of tomorrow will run on blockchain rails and most users won't even know it. What they'll care about is last-mile utility: speed, access, reliability & value. Blockchain is a superior alternative to legacy infrastructure, and banks will increasingly plug into this network rather than compete with it. What STBL has built is core to powering that shift: no centralized control, and an ecosystem of thousands of native, productive currencies each purpose-built for its own ecosystem's needs. This is what decentralization looks like when it delivers real value. Read more forbes.com/sites/boazsobr… Thanks @sobradob for the feature.

Your margin is my opportunity: AI version… The biggest surprise of 2026 is that the capability gap between the best open-weight/source models and the best closed models has narrowed much faster than the pricing gap. The pricing gap remains enormous while the capability gap is quite narrow. What does this means in practice? For a company consuming 1 billion input tokens and 1 billion output tokens per month: GPT-5.5 Pro: ~$105,000 Claude Opus 4.8: ~$30,000 DeepSeek V4 Pro: ~$5,220 DeepSeek R1: ~$2,740 I asked ChatGPT what it thought about this and it answered as follows: “If I were building a company today, the economic frontier would look roughly like: DeepSeek V4 Pro / R1 for high-volume inference. Claude Opus for premium agent workflows where reliability matters. GPT-5.5 Pro only for workloads where its incremental capability demonstrably produces enough business value to justify a 20–40× token premium.” Most CEOs have no idea that, instead of this nuanced approach, their teams are running amok internally by picking the most expensive models in most cases and burning through massive budgets with zero governance, audit ability and control. As control planes like our Software Factory become more standard, you can expect the run rate revenue growth of the frontier labs to go down meaningfully and the revenues of the open models to skyrocket. Why? Because we can implement the nuanced approach above and be agnostic to model - instead focusing on customer intent, model task and cost management among other things.

Why RXUSD? Most stablecoin protocols focus on issuing a single stablecoin. At STBL, we're building something different. STBL is the infrastructure layer for programmable stable assets. At its core, STBL consists of two primitives: • USST - principal-backed stable liquidity • YLD - yield ownership and management Together, these primitives allow yield-bearing assets to be transformed into flexible onchain money while preserving and managing the underlying yield through programmable treasury infrastructure. But the bigger vision isn't just USST and YLD. It's ESSs. Ecosystem Specific Stablecoins. RXUSD is the first ESS built on STBL and serves as the blueprint for what comes next. An ESS allows an issuer, ecosystem, protocol, DAO, institution, or community to create its own stable asset by leveraging STBL as a protocol-as-a-service. Instead of building a stablecoin protocol from scratch, issuers can deploy an ESS on STBL and customize how the stable asset operates, how yield is managed, and how treasury assets are deployed. This includes: • Custom vault structures • Custom collateral configurations • Custom yield strategies • Custom yield distribution models • Custom treasury management • Custom incentive frameworks • Custom compliance configurations In other words, every ESS can have its own monetary and treasury policy while benefiting from STBL's core infrastructure, security, liquidity framework, and future network effects. RXUSD demonstrates this model in practice. It is not simply another stablecoin. It is the first example of how ecosystems can launch their own stable assets and programmable yield economies on top of STBL. Why does this matter for STBL? Because every ESS strengthens the protocol. First, ESSs generate fees. A portion of the fees generated by each ESS flows directly into the STBL onchain treasury. As more ESSs launch and scale, protocol revenues increase. Second, ESS creation requires STBL utility tokens. Opening and maintaining ESS vaults, treasury systems, and ecosystem infrastructure will require issuers to utilize STBL utility tokens. Our long-term vision is to make ESS deployment entirely permissionless. Anyone will be able to establish a vault, configure their treasury framework, and launch an ESS by utilizing STBL utility tokens. This creates a direct utility layer for STBL while enabling ecosystems to launch and operate their own stable asset economies. Third, ESS growth creates value accrual. As ESSs generate revenue, those revenues can be directed toward treasury activities, including buybacks, rewards, ecosystem incentives, and other governance-directed initiatives. The result is a powerful flywheel: More ESSs → More Assets Under Management → More Protocol Revenue → Larger Treasury → Greater STBL Utility → More Demand For STBL → More ESS Deployments Over the course of 2026, we are lining up multiple ESS deployments across a range of markets and use cases. RXUSD is the first. It won't be the last. Our objective is to evolve ESS deployment from a bespoke implementation into a fully automated onchain monetary and treasury management system. Eventually, launching an ESS should be as simple as: • Locking STBL utility tokens • Selecting a yield strategy • Configuring treasury parameters • Defining compliance requirements • Activating a stable asset economy We're not building a stablecoin. We're building the infrastructure layer that allows anyone to create, operate, and scale money and yield economies onchain. RXUSD is the blueprint. ESSs are how STBL scales. Stablecoins were Version 1. Programmable monetary ecosystems are Version 2. Welcome to Stablecoin 2.0.

CLARITY Act Could Reshape Crypto Yields The proposed CLARITY Act may trigger a new market for compliant crypto yield products, according to STBL executive Joe Vollono. A key provision would restrict platforms from offering rewards simply for holding digital assets. Supporters argue the changes may unlock large scale institutional participation in compliant crypto products.

The RXUSD Genesis Points Program is LIVE! Here’s your chance to become a Founding Member of the RXUSD ecosystem. Register with your wallet to: • Enroll in the Genesis Points Program • Get points just for registering your wallet • Earn additional 100 Early Bird bonus points • Generate your exclusive access code to explore the RXUSD Testnet Register now at getrxusd.com Limited spots available.

.@stbl_official’s Money as a Service vision is materialising with our first Ecosystem Specific Stablecoin. RXUSD is RWA backed money that combines liquidity, utility and earn-ability: Getrxusd.com

STBL Co-founder & CEO @avtarsehra will be at ETHMilan. If you’re exploring the accelerating shift toward RWA tokenization and the emergence of the new financial era built around stable, yield-bearing digital assets, come say hello!

As regulatory clarity begins to reshape the digital asset landscape, the stablecoin industry is entering a new phase - one defined not just by liquidity, but by sustainable, compliant, and utility-driven financial infrastructure with aligned earning opportunities for ecosystem participants and value contributors. As we continue executing toward that vision, here are some of the key ecosystem milestones achieved over the past few days: ESS Mainnet Internal testing and pre-audit formalities are currently underway ahead of our targeted Q2 deployment timeline. STBL Stabilization Framework Testing for the Redemption Module - the third pillar of STBL’s tri-factor stabilization architecture has now been successfully completed, strengthening protocol resiliency and capital efficiency. The module is now being prepared for its dedicated audit phase. Stellar Integration Development continues to progress smoothly, with all core milestones aligned for a Q2 rollout. Documentation Overhaul A complete revamp of our technical documentation suite is underway and will reflect the latest protocol architecture and infrastructure enhancements. As always, our focus remains on building secure, scalable, and institution-grade financial infrastructure designed for long-term ecosystem sustainability. Thank you for your continued support as we advance toward our upcoming milestones.

It’s almost time.

The Clarity Act just cleared its biggest hurdle. Stablecoin yield sharing now has a legal path in the US. After years of extractive fee models, regulators are finally catching up to where financial services need to go. The next generation of financial infrastructure is built around shared upside. That’s the foundation behind @stbl_official and @wefi_official .

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.

🧵 $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👇