what's Stablecoin Transport Protocol (STP)?
Stablecoin Transport Protocol (STP) is a liquidity engine designed for institutional-scale stablecoin swaps across chains, supporting transactions from $1M to $10M+ with zero slippage and ultra-low fees of 1-3 basis points. It solves liquidity fragmentation in the growing stablecoin ecosystem by providing maximally capital-efficient settlement, positioning NEAR Protocol as a unified hub. STP operates via NEAR intents and solver networks, enabling on-demand capital provisioning without traditional DEX limitations. Developed by Yonder Labs and integrated with Proximity Labs and StableFlow, it facilitates seamless, high-volume transfers between any stablecoins on any chain through trusted execution environments (TEEs) for security and speed.
STP is a unified, secure, and fast stablecoin settlement hub for capital efficiency.
Released a litepaper highlighting positioning as a unified settlement hub utilizing NEAR's speed and TEE security for high-volume stablecoin settlement and capital efficiency.