OKX Ventures Invests in STBL to Launch RWA-Backed Stablecoin on X Layer

OKX Ventures Enters Stablecoin Space

OKX Ventures recently announced a strategic investment in STBL, though the exact amount remains undisclosed. Founded by Tether co-founder Reeve Collins and Libre Capital founder Avtar Sehra, STBL is focused on developing stablecoin solutions backed by real-world assets (RWAs).

Deep Collaboration with X Layer

As part of the partnership, STBL will build its stablecoin infrastructure on OKX’s Ethereum-compatible Layer 2 blockchain, X Layer. This move reinforces OKX’s position in blockchain innovation and opens new possibilities for integrating RWAs into the crypto economy.

Connecting Traditional Finance with Blockchain

By bringing real-world assets onto the blockchain, STBL aims to offer users more stable and transparent digital assets. This development could accelerate the convergence of DeFi and traditional finance, unlocking new opportunities for financial innovation.