STBL (STBL) rose 25.09% in the last 24 hours.

Gate News Bot news, on September 24, according to CoinMarketCap, as of the time of writing, STBL (STBL) is currently priced at 0.45 USD, with a 25.09% rise in the last 24 hours, peaking at 0.54 USD and dropping to a low of 0.11 USD, with a 24-hour volume of 230 million USD. The current market capitalization is approximately 225 million USD, an increase of 45.1 million USD compared to yesterday. STBL is currently ranked 223rd in global crypto assets market capitalization.

Important news about STBL recently:

1️⃣ STBL will launch a buyback plan in the fourth quarter STBL founder 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, whereby 100% of the minting fees will be used for buybacks, promoting the value accumulation of the STBL token. This initiative is expected to enhance the intrinsic value of the token and boost market confidence.

2️⃣ STBL launches multiple innovative mechanisms STBL is advancing a series of important initiatives, including a multi-factor staking mechanism and the launch of USST minting. Notably, the project commits to using 100% of the handling fees for buybacks, with public on-chain records; this transparency helps to enhance investor trust.

3️⃣ STBL price volatility has attracted market attention Since its launch on Alpha, STBL has shown significant price volatility. At different points in time, the rise of STBL has ranged from 50.05% to 1904.51%, with prices fluctuating between 0.20156 USDT and 0.44566 USDT. This large price fluctuation reflects the market's high attention and speculative sentiment towards this new project, while also highlighting the high-risk characteristics of the early stage.

The innovative design of STBL, such as splitting income-generating RWA 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 is also accompanied by controversies, including questions about the behavior of market makers. Investors should closely monitor the project's subsequent developments and market reactions, and cautiously assess potential risks.

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