OKX Ventures strategically invests in STBL, which will develop an RWA-backed stablecoin on the X Layer.

BlockBeats News, February 12, according to CoinDesk, OKX Ventures has made a strategic investment in stablecoin and yield infrastructure provider STBL, with the specific investment amount undisclosed.

STBL was co-founded by Reeve Collins, co-founder of Tether, and Avtar Sehra, founder of Libre Capital. STBL stated that it plans to develop a stablecoin backed by real-world assets (RWA) on OKX's Ethereum-compatible Layer 2 blockchain X Layer.