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[@chickenparmesea](/creator/twitter/chickenparmesea)
"Actual analysis of $STBL. No FUD just thoughts (s/o Jinglor who is not on X) IMO everyone is ignoring a fundamental question on its tri-token utility. The most important is why would anyone transact in $USST - Only minters of $USST / $YLD can redeem for the underlying asset which is not redeemable 1:1 for fiat like $USDC or $USDT - To mint $USST / $YLD you must KYC - In the US (based on available assets) you must be an accredited investor In short: you can only redeem if you hold $YLD which you can only hold if you mint $USST which you can only mint if you KYC. To redeem $YLD can't be locked"  
[X Link](https://x.com/chickenparmesea/status/1981090581708255488) [@chickenparmesea](/creator/x/chickenparmesea) 2025-10-22T20:09Z XXX followers, 2537 engagements


"@thecryptoguyog Hey if your DD consists of blindly trusting a team in crypto then more power to you. Im just sharing my thoughts GL"  
[X Link](https://x.com/chickenparmesea/status/1981189887593500912) [@chickenparmesea](/creator/x/chickenparmesea) 2025-10-23T02:44Z XXX followers, XXX engagements


"More thoughts on @stbl_official If your counter argument is Well Franklin Templeton is going to mint $100m. They manage trillions First theres been no announcement from FT and questions in the discord on this mint have gone unanswered. Second and more importantly what does mint mean to you If I as FT mint $XXX of Benji (which is collateralized by $XXX of T bills) and then split that $XXX into $XXX of $USST and $X of $YLD how exactly does the value flow through to STBL holders Who is even going to use that USST Thats the crux of my argument And sorry to say FTs management fees on this fund are"  
[X Link](https://x.com/chickenparmesea/status/1981192995429888325) [@chickenparmesea](/creator/x/chickenparmesea) 2025-10-23T02:56Z XXX followers, XXX engagements


"@BrianneFrey FYI Franklin Templeton has a management fee of XXXX% for Benji AUM and @stbl_official takes XX% of that. This will be majority of their revenue + used to fund buybacks. For them to earn $12m/year or $1m/mo theyd need $40B TVL"  
[X Link](https://x.com/chickenparmesea/status/1981867157979078902) [@chickenparmesea](/creator/x/chickenparmesea) 2025-10-24T23:35Z XXX followers, XXX engagements


"Im curious how people are thinking about third party risk in the context of ESS for $STBL Assume the largest institutions buy into the vision and want to mint $USST while retaining $YLD - they still need to buy and mint the underlying RWA like $USDY from @OndoFinance Does that not mean the institution now has to due diligence @stbl_official and @OndoFinance I suppose thats why theyre targeting FT and Blackrocks Buidl Regardless of who issues / manages the underlying RWA that still introduces an additional degree of separation depeg risk and smart contract risk"  
[X Link](https://x.com/chickenparmesea/status/1981866041660559543) [@chickenparmesea](/creator/x/chickenparmesea) 2025-10-24T23:31Z XXX followers, XXX engagements


"@BrianneFrey @stbl_official Im not talking about the minting fees Im talking about their share of $YLD"  
[X Link](https://x.com/chickenparmesea/status/1981869844535627805) [@chickenparmesea](/creator/x/chickenparmesea) 2025-10-24T23:46Z XXX followers, XX engagements


"@Milk_overload "Exactly""  
[X Link](https://x.com/chickenparmesea/status/1982814442518683764) [@chickenparmesea](/creator/x/chickenparmesea) 2025-10-27T14:19Z XXX followers, XX engagements


"@kevinliub @GOATRollup @realDonaldTrump is Satoshi confirmed"  
[X Link](https://x.com/chickenparmesea/status/1982846774999212441) [@chickenparmesea](/creator/x/chickenparmesea) 2025-10-27T16:28Z XXX followers, XX engagements