STBL (STBL) has fallen 13.71% in the last 24 hours.

Gate News Bot news, on September 30, according to CoinMarketCap data, as of the time of writing, STBL (STBL) is currently priced at $0.41, down 13.71% in the last 24 hours, with a high of $0.61 and a low of $0.38, and the 24-hour volume reached $160 million. The current market capitalization is approximately $203 million, a decrease of about $32.2537 million compared to yesterday.

Important news about STBL recently:

1️⃣ Gate opens STBL spot trading Gate officially launched the spot trading of the STBL token on September 26 at 18:00 ( UTC+80, opening the STBL/USDT trading pair. This marks STBL's entry into mainstream trading platforms, enhancing its liquidity and market attention. However, after the launch, the STBL price experienced significant fluctuations, reflecting the market's cautious attitude towards new projects.

2️⃣ STBL launches innovative stablecoin solution STBL is a decentralized, non-custodial platform that focuses on combining yield, transparency, and real-world asset ) RWA ( support into a stablecoin solution. Its core mechanism allows users to earn yields without collateralizing, with no lock-up periods, and is driven by real-world assets for growth. This innovative design has attracted investor attention but has also brought about the risk of price volatility.

3️⃣ STBL price volatility is severe Since its launch, the price of STBL has shown significant volatility. At different points in time, the increase in STBL ranged from 50.05% to 1904.51%, with prices fluctuating significantly between 0.20 USDT and 0.61 USDT. This dramatic price change reflects the market's high attention and speculative sentiment towards this new project, while also highlighting the high-risk characteristics of the early stage.

From a technical perspective, the STBL price has experienced a significant increase followed by a pullback in the short term, currently seeking support around $0.41. The increase in volume indicates a higher market participation, but it may also lead to greater price volatility. Investors should closely monitor the project's subsequent developments and market reactions, cautiously assessing potential risks.

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