#STBL

STBL indeed has the potential to be as popular as the once-booming LUNA, or even more stable, as it fundamentally avoids the fatal flaws of LUNA.

A Review of LUNA's Glory and Crash
2021-2022 Reasons for the Boom: The LUNA + UST (algorithmic stablecoin) ecosystem attracted over $40 billion, relying on the high returns of the Anchor Protocol (~20% APY) to draw in funds, resulting in a Ponzi-like growth. The market cap of LUNA once exceeded $40 billion.

The Truth Behind the Crash (May 2022): UST Depegging (falling from $1 to $0.3) triggered a death spiral - burning LUNA to mint UST, with LUNA being over-issued by trillions, resulting in a market cap evaporation of $60 billion.

Core issue:
No real collateral: purely algorithmic, relying on LUNA price to maintain UST peg. Market panic → infinite printing → both return to zero.
False earnings: Anchor's profits rely on protocol subsidies, not real generation. Capital outflow means collapse.
Centralized risk: The foundation holds more than 50% of the tokens, prioritizing cashing out. Retail investors suffer significant losses.

How does STBL "heal" the scars of LUNA? (Stablecoin 2.0)
STBL is a RWA (Real World Asset) collateralized stablecoin protocol created by Tether co-founder Reeve Collins (Tether has a market cap of over $170 billion). The three-token design perfectly separates risk and reward:

USST: A 1:1 USD stablecoin, backed by Ondo USDY/BlackRock BUIDL and other government bonds/money market funds (103% over-collateralized). Redeemable at any time, with Chainlink oracles and audits to prevent black swan events.
YLD (NFT): Yield Separation - All collateral interest belongs to you (the protocol only takes a 20% fee), no lock-up, no IL. Trade with USST, continue to earn YLD (annualized 4-5% real yield).
STBL: Governance + Flywheel - 100% of protocol fees are used for buyback and burn, multi-factor staking (STBL + USST, annualized super high).
Stronger evidence for STBL
Team/Endorsement: Tether Founder + Franklin Templeton (1.5 trillion AUM, has minted 100 million USST) + Ondo (50 million USST). 228e23
Data: Market capitalization soared to 1.3 billion on the first day of listing (+300%), now corrected to 55 million (ATH $0.6, now $0.11). Staked 46 million STBL, Q4 monthly sales 10 million.
Catalyst: Kaito 500,000 rewards + new CEX + ESS white label (Visa/custom stablecoin for enterprises) + the US GENIUS Act. The stablecoin market is projected to reach 3.7 trillion within 5 years.
Community: X on STBL > LUNA

STBL is not a copy of LUNA, but an evolved version - real collateral + user profits, with a market value of only 0.01% of LUNA. Taking off in Q4!