Onchain mortgage markets. Powered by USDX.
Joined January 2024
- Tweets 1,194
- Following 3
- Followers 2,193
- Likes 1,755
174 Photos and videos
Jun 11
(1/3) $RATES is the token that secures USDX. Not a meme, not a points farm — a work token with three core utilities.
The $RATES Whitepaper drops soon.
Here's what the USDX Whitepaper that just released shares in advance 🧵
x.com/trystable/status/20640…
Jun 8
1/ The USDX whitepaper is live.
The simplest way to say what USDX does: dollars in, mortgages out.
Deposit USDC → receive USDX 1:1. That capital funds mortgages — agency MBS and newly originated home loans.
A dollar backed by American homes. 🏘️🧵
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Jun 11
2/3 Validator staking: validators stake $RATES and attest that loan data, appraisals, and title docs on every tokenized mortgage meet protocol standards — at origination and every quarter after.
Verification-of-verification, priced below the legacy QC stack it replaces. Fees paid in USDX, with a cut routed to $RATES buyback-and-burn.
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Jun 11
3/3 Safety module: a separate, opt-in stake that sits first-loss in the USDX waterfall.
If the reserve takes a hit, this tranche makes USDX holders whole. First-loss capital is always paid — emissions early, real fee revenue as the protocol scales.
narrow governance over vendors, counterparties, and risk params.
Read USDX Whitepaper Section 9: The RATES Token here: docs.trystable.co/usdx-white…
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Stable retweeted
Jun 8
1/ The USDX whitepaper is live.
The simplest way to say what USDX does: dollars in, mortgages out.
Deposit USDC → receive USDX 1:1. That capital funds mortgages — agency MBS and newly originated home loans.
A dollar backed by American homes. 🏘️🧵
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Stable retweeted
Jun 9
Getting a crypto mortgage:
1. Get a mortgage from your regular mortgage broker
2. They use Stable behind the scenes
3. They may not even know they use Stable
No need to know what crypto is. Apply in minutes. account.trystable.co 🔑
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Stable retweeted
Jun 11
A common question about stablecoins is what actually backs the dollar you hold onchain.
Most stablecoins rely on Treasuries, cash, and repo markets. USDX takes a different approach — it’s backed by the asset class that has underpinned the American financial system for decades: mortgage debt.
When users mint USDX, capital doesn’t sit idle. It funds a reserve of agency MBS, whole mortgage loans, and newly originated mortgages, creating exposure to one of the deepest and most established markets in the world.
The structure is designed with multiple layers of protection. Reserve assets are held separately, proof-of-reserves is publicly verifiable, and a four-layer loss waterfall stands between potential losses and USDX holders.
For those seeking yield, mUSDX captures the cashflows generated by the underlying mortgage portfolio. The yield comes from real mortgage income, not token emissions or inflationary rewards.
USDX is built around a simple idea: a dollar backed by the same collateral that has supported American housing and a significant portion of the dollar system for over fifty years.
Dollars in. Mortgages out.
@trystable remains one of the most unique approaches to stablecoins I’ve seen this cycle.
Website: trystable.co/
DEX: dexscreener.com/solana/EnJV4…
@solana @gumdropsteve $STABLE
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Jun 10
Stable is inevitable
Jun 9
It has taken much longer than expected, but we are getting closer to USDX and @trystable assets being listed on @DefiLlama!
defillama.com/rwa/asset/USDX… 📈
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Jun 10
Never lost. Keep building 🔨
Apr 13
✅ USDX listing request submitted to @coingecko
✅ Stable/USDX listing requests submitted to @DefiLlama
Forward
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Stable retweeted
Stable is bringing Mortgages -one of the biggest assets class on chain
$STABLE
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Stable retweeted
Jun 10
Earning mortgage yield onchain has never been easier
Check out our latest blog to learn how you can provide liquidity to the market that backs > 50% of the M2 money supply
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Stable retweeted
Jun 10
The thesis holds x.com/gumdropsteve/status/20…
Jun 3
Read Citi’s Tokenization 2030 report. They model equities, treasuries, private credit, real estate funds.
They don’t model the biggest pool of high-quality collateral in the country: U.S. mortgages.
Tokenization can’t manufacture liquidity—but a stablecoin can make that value usable. That’s the bet with USDX.
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Stable retweeted
Jun 8
USDX isn't a DeFi experiment. It's bedrock.
Jun 8
5/ Here's what nobody else has: a 4-step loss waterfall.
Losses hit in strict order:
→ RATES safety module (first loss)
→ Stablecoin staking vault
→ mUSDX yield (capped at 67%)
→ New RATES minting (final backstop)
Four layers stand between a loss and USDX. It'd take a ~30% portfolio wipeout to even reach holders — something agency MBS has never done in history.
Peg protected. By design.
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Stable retweeted
Jun 10
"Coinbase and Better just closed America's first Fannie Mae-backed Bitcoin mortgage: a Michigan couple in their early 30s bought a home using BTC as collateral. Someone built a whole protocol around the idea that US mortgage debt ($13.2T backed by $50T in real estate) should be the base layer of a stablecoin."
Someone is @trystable
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Stable retweeted
Jun 8
Stable docs and site have been updated to reflect USDX Whitepaper updates 🗒️
Docs: docs.trystable.co/usdx-white…
Jun 8
1/ The USDX whitepaper is live.
The simplest way to say what USDX does: dollars in, mortgages out.
Deposit USDC → receive USDX 1:1. That capital funds mortgages — agency MBS and newly originated home loans.
A dollar backed by American homes. 🏘️🧵
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Stable retweeted
Jun 9
This is a fundamental shift from existing tokenization and payments plays; the user is put into crypto without knowing they are in crypto. Loan originators doing their job have no idea the loans they’re writing for their customers are on this blockchain network.
Jun 9
Getting a crypto mortgage:
1. Get a mortgage from your regular mortgage broker
2. They use Stable behind the scenes
3. They may not even know they use Stable
No need to know what crypto is. Apply in minutes. account.trystable.co 🔑
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