STBL (STBL) rose 29.34% in the last 24 hours

Gate News Bot message, on October 20, according to CoinMarketCap data, as of the time of writing, STBL (STBL) is currently priced at 0.10 USD, having risen 29.34% in the last 24 hours, with a high of 0.16 USD and a low of 0.08 USD. The current market capitalization is approximately 523,000 USD, an increase of nearly 119,000 USD compared to yesterday.

Recent important news about STBL:

1️⃣ 100 million USST minting plan launched STBL officially launches a $100 million USST minting plan for the fourth quarter and has completed over $2 million in initial minting. The project team is enhancing the automatic peg mechanism and integrating with Franklin Templeton's IBENJI to improve stability, liquidity, and yield performance.

2️⃣ Roadmap update, anchoring mechanism is about to be launched The STBL is scheduled to launch and calibrate its pegging system by the end of November, while gradually increasing the minting volume. The project roadmap also includes key features such as multi-staking, buyback mechanisms (buying back with USST, enhancing USST yields through MFS), etc. November and December will be a transition period from construction to balance, marking the beginning of the launch of the pegging mechanism and market calibration.

3️⃣ Share Buyback Plan is About to Launch The STBL plan will initiate a buyback at the end of October, with payments made in USST. Holders can stake USST in the Multi-Factor Staking (MFS) module. Meanwhile, the project team will announce liquidity channels for USST, providing users with options for withdrawal or staking.

The recent price trend of STBL is closely related to the project's development. The launch of the $100 million USST minting plan and the completion of the initial minting demonstrate substantial progress for the project. The upcoming anchoring mechanism and repurchase plan are expected to further enhance market confidence in STBL. However, investors still need to closely monitor the execution of the project roadmap and its actual impact on the market.

This message is not to be taken as investment advice; investors should be aware of market volatility risks.