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STBL Secures OKX Ventures Backing to Launch Asset-Backed Stablecoin on X Layer

STBL Secures OKX Ventures Backing to Launch Asset-Backed Stablecoin on X Layer

OKX Ventures invests in STBL, partnering with Hamilton Lane and Securitize to issue the first ecosystem-specific, real asset-backed stablecoin on X Layer using a dual-token model.

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Fact Check
The statement is strongly supported by a primary, high-authority, and high-relevance source from Technode Global, which reports directly on OKX Ventures' investment into STBL in partnership with Hamilton Lane and Securitize. The article specifies the purpose as launching an asset-backed stablecoin on the X Layer blockchain, and includes direct statements from STBL, indicating it is not speculative but rather an announcement of a factual development. Other listed sources either provide general context or unrelated information, but none contradict the claim. Given the level of detail, direct attribution to involved parties, and authority of the reporting source, the probability that the statement is true is high, and there is no credible contradictory evidence.
    Reference: 1
Summary

In an official Feb. 12 announcement, OKX Ventures confirmed its strategic investment in STBL, a stablecoin and yield infrastructure provider. STBL has teamed up with Hamilton Lane and Securitize to launch ESS, the first ecosystem-specific stablecoin on OKX’s Ethereum-compatible Layer-2 network, X Layer. The stablecoin will use a dual-token model backed by real assets, integrating institutional private credit directly into blockchain money flows. The project aims to embed regulated, asset-backed token issuance into financial applications, leveraging Hamilton Lane’s investment expertise and Securitize’s tokenization capabilities.

Terms & Concepts
  • Stablecoin: A cryptocurrency pegged to a stable asset, such as fiat currency or commodities, to minimize price volatility.
  • Dual-token model: A blockchain design that uses two distinct tokens, often to separate utility and governance functions or to balance stability and growth.
  • X Layer: An Ethereum-compatible Layer-2 blockchain network developed by OKX to host ecosystem-specific applications and assets.