STBL (STBL) has fallen 23.38% in the last 24 hours.

Gate News Bot news, on September 26, according to CoinMarketCap, as of the time of writing, STBL (STBL) is currently priced at $0.45, having fallen by 23.38% in the last 24 hours, with a high of $0.61 and a low of $0.20. The 24-hour volume reached $306 million. The current market capitalization is approximately $227 million, a decrease of about $69.27 million compared to yesterday.

Important news about STBL recently:

1️⃣ Gate launches STBL spot trading On September 24, Gate announced the launch of STBL token spot trading. STBL is a decentralized non-custodial platform focused on innovative stablecoin applications, combining yield, transparency, and real-world asset ( RWA ) support. The token is deployed on the BSC network, with the contract address 0x8dedf84656fa932157e27c060d8613824e7979e3. The launch news boosted the trading activity of STBL, but also brought significant price volatility.

2️⃣ STBL will launch a buyback plan The founder of STBL, Avtar Sehra, announced that the project will launch a buyback plan in the fourth quarter. This plan will realize the vision of protocol-based treasury buybacks, during which 100% of the minting fees will be used for buybacks, driving the value accumulation of STBL tokens. This initiative is expected to enhance the intrinsic value of the tokens and boost market confidence. However, prices still exhibit high volatility in the short term.

3️⃣ STBL price fluctuates dramatically Since its launch, STBL has exhibited significant price volatility. At different points in time, the increase of STBL has ranged from 50.05% to 1904.51%, with prices fluctuating greatly between 0.20156 USDT and 0.54282 USDT. Such dramatic price changes reflect the market's high attention and speculative sentiment towards this new project, while also highlighting the high-risk characteristics of the early stages.

The innovative design of STBL, which splits yield-bearing RWAs into tradable US dollar stablecoin USST and interest-bearing NFT YLD, has attracted widespread attention in the market. However, the rapid development of the project has also been accompanied by controversies, including doubts about the behavior of market makers. Investors should closely monitor the project's subsequent developments and market reactions, cautiously assessing potential risks.

This message is not intended as investment advice. Investors should be aware of market volatility risks.