Mechanism

FABLECOIN exists for one reason: every coin in circulation is backed by a real US dollar of USDC sitting in an on-chain reserve. The mechanism is mechanical, not promised.

The Cycle

From trade to reserve, end to end
  1. 1
    FABLE trades on Pump.fun
    Every buy and sell pays a creator fee in SOL. The fee pools on pump.fun under the project's dev wallet.
  2. 2
    Claim into Dev wallet
    Creator fees are claimed from pump.fun to the dev wallet, which acts as the project's reservoir of incoming SOL.
  3. 3
    Conditional drip to Collector
    When the collector wallet runs low, the bot moves a small amount of SOL from dev to collector. Small chunks mean better Jupiter fills and lower slippage.
  4. 4
    Jupiter conversion → USDC
    Collector swaps SOL to USDC via Jupiter's best route, then routes the USDC to the treasury vault.
  5. 5
    Mint FABLECOIN to peg
    Treasury mints FABLECOIN equal to the new USDC reserve. Supply always equals backing. If anyone redeems later, FABLECOIN burns to match.

The Peg

FABLECOIN supply equals the USDC reserve. Every cycle the bot measures the drift between supply and reserve and corrects it. The peg isn't defended by traders — it's enforced by the mint authority.

FABLECOIN supply  =  treasury USDC balance

What It Is Not

  • Not a smart contract — execution is off-chain, balances are on-chain.
  • Not algorithmic — no market-maker games, no rebases, no decay.
  • Not a security — FABLECOIN is a settlement unit for AI inference, not a yield instrument.
  • Not tradeable on its own (yet) — phase 1 is reserve growth; redemption ships at $1k.