What is the current price of STBL?
The current price of STBL is $0.02508 with a 4.69% change in the last 24 hours.
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Prices and notionals are USD-equivalent venue units, with USDC collateral. No currency conversion is applied. Notional = venue price × base-asset size. Contract specifications
Derivatives and mapped ecosystem data, with source timings and coverage.
STBL is the utility and governance token of a stablecoin infrastructure protocol of the same name. The first thing to understand is what STBL is not: it is not a stablecoin, it is not pegged to the dollar, and nothing backs it. The protocol's dollar-pegged asset is a separate token called USST. STBL is the access and incentive token alongside it.
The protocol lets institutions issue stablecoins backed by tokenized real-world assets, mainly short-dated US Treasury bills and money market funds, and separates the stable principal from the yield those assets generate.
Official sources:
STBL was co-founded by Reeve Collins, one of the original co-founders of Tether, and Dr. Avtar Sehra, previously behind Nivaura. The framing is deliberate: first-generation stablecoins took user deposits, issued a dollar token, and kept the interest earned on the reserves. STBL's stated purpose is to return that interest to the depositor while keeping the circulating token non-yield-bearing.
The protocol launched USST with tokenized Treasury collateral and later extended it across chains, including a Stellar deployment aimed at institutional real-world asset flows. Documentation on the STBL site was last revised in early September 2026.
The mechanism is a principal and yield split:
Deposit approved collateral A user or institution deposits a whitelisted, yield-bearing tokenized real-world asset. Accepted collateral currently includes Ondo Finance's USDY and OUSG, with BlackRock's BUIDL, Centrifuge's Janus Henderson Anemoy Treasury Fund and Franklin Templeton's BENJI listed as upcoming. Each collateral type sits in its own segregated vault.
Receive two separate tokens The deposit mints USST, the dollar-pegged principal, and YLD, a non-fungible token representing the right to the yield from that specific collateral position. YLD is independently transferable and also functions as the claim used to redeem the underlying collateral.
Over-collateralization by design USST is minted at roughly 97 percent of the deposited collateral value, with about 3 percent retained in the vault as a haircut. The protocol cites approximately 103 percent collateralization when the backing is pure money market assets.
Fees and distribution The protocol retains an expected 10 to 20 percent of generated yield for treasury growth, risk reserves and ecosystem incentives. The remainder flows to YLD holders.
Ecosystem-specific stablecoins Institutions can issue branded stablecoins on the same rails, with USST acting as the shared reserve and interoperability layer between them.
The documentation is candid that most STBL utility is planned rather than live:
The documentation states explicitly that holding thresholds and burn mechanics are not currently active. Treat any description of STBL burn mechanics as forward-looking.
Nothing backs the STBL token. It is a utility token with no reserve claim; only USST is collateralized. The rest of this section reports what a direct contract read on September 11, 2026 returned.
On Ethereum mainnet the documentation lists STBL at 0xB3116013C55D49f575ace3cb0d123f3dbF6caC35, USST at 0xf9d82660828d8f5d121b14a9dc9c677d91f60065 and YLD at 0xD33c37A90155be8fcab769E38a563E74bFd70E0b. All three are EIP-1967 upgradeable proxies. The implementations behind the STBL and USST proxies both expose mint(address,uint256), burn(address,uint256), pause() and unpause(), role-based access control with a dedicated minter role, ERC-2612 permit support, and upgradeToAndCall. An authorized role can mint, burn from an address, halt all transfers, and replace the contract logic entirely.
Two things were notably absent. Neither contract exposes a blacklist or freeze function of the kind USDC and USDT implement, so address-level censorship is not built in. And neither exposes a cap(), so the documented maximum of 10,000,000,000 STBL is a policy commitment rather than a ceiling the contract enforces. Documentation puts the token generation event figure at around 700,000,000, or 7 percent of that maximum, and allocates 25 percent to team and advisors under long cliffs, 20 percent to staking rewards, 19 percent to private sales and public distribution, and 15 percent to treasury.
One further discrepancy: the documentation lists Ethereum and Stellar as supported networks, with Solana upcoming. The Ethereum STBL contract had no minted supply on the date checked, while a separately deployed STBL governance token on BNB Chain at 0x8dedf84656fa932157e27c060d8613824e7979e3, also an upgradeable proxy whose implementation exposes mint and pause, held a nonzero balance. BNB Chain does not appear in the supported networks list. Verify the chain and contract address you are actually transacting on.
On attestations, the documentation names Cyfrin, Hashlock and Nethermind as smart contract auditors, and lists infrastructure partners including Chainlink, Fireblocks, Ondo Finance, RedStone, Hypernative, Chainalysis and Wormhole. Those are code audits and service relationships. No named third-party reserve attestation report, of the kind a regulated stablecoin issuer publishes monthly, was found. The transparency claim rests on reserves being verifiable on-chain because the collateral is itself tokenized.
Against fiat-backed stablecoins, USST is backed by tokenized Treasury products rather than bank deposits, and routes yield to a separate instrument instead of the issuer. Against yield-bearing stablecoins that pay holders directly, it keeps the circulating token non-yield-bearing on its face, which the team presents as a regulatory alignment choice. Against crypto-collateralized stablecoins, the collateral is regulated financial instruments rather than volatile crypto, shifting risk from market volatility toward issuer, custody and redemption.
Protocol contracts have been reviewed by the audit firms named above, collateral sits in segregated vaults rather than with a central operator, and monitoring partners are engaged for risk and transaction surveillance. The residual risks are governance-shaped rather than cryptographic: upgradeable proxies, a minter role and a pause authority concentrate power in whoever holds those keys. The documentation does not publish the key holders or multisig thresholds, a meaningful gap for anyone sizing counterparty risk.
Unbundling stablecoin principal from stablecoin yield is one of the more consequential structural ideas in the sector, because interest on stablecoin reserves has been the single largest profit pool in crypto and has historically gone entirely to issuers. STBL is a credible attempt to return that yield to depositors while keeping the payment token clean, built by people who helped create the original model. Whether it works depends less on cryptography than on collateral quality, redemption reliability and how those upgrade and minter roles are administered.
STBL trades on centralized exchanges and on decentralized venues on the chains where it is deployed. Because it exists on more than one network and the ticker is shared with unrelated tokens, including an older Ethereum token also called STBL with two decimals, confirm the contract address before swapping.
The token has been listed on several centralized venues since its token generation event. Listings and regional availability change, so check the exchange.
STBL is an ERC-20 style token on the EVM chains where it is deployed, so any EVM wallet holds it, including hardware wallets such as Ledger and Trezor. Staking or minting USST requires self-custody rather than an exchange balance. Add the token by contract address, and check which chain your balance is on before bridging.
Track STBL live price, chart, market cap, and volume in real time. Practice mock trading and demo trading for STBL on CoinRithm before using real money.
Use a crypto paper trading account to demo trade STBL with real-time prices, AI trade feedback, and trading leagues. Test strategies, learn risk management, and build confidence before trading STBL with real money.
Read the complete paper trading guideThe current price of STBL is $0.02508 with a 4.69% change in the last 24 hours.
The daily trading volume is $998,184 representing a 35.83% change in the past 24 hours.
The market capitalization of STBL is $12,541,757, ranking #632 globally.
The fully diluted valuation (FDV) of STBL is $250,835,139, calculated assuming the maximum supply of 10,000,000,000 STBL is in circulation.
Circulating: 500,000,000. Total: 10,000,000,000. Max: 10,000,000,000.
In the last 24 hours, STBL traded between a low of $0.0236 and a high of $0.02594.
STBL/USDTTether USDT0.02508 USDT
STBL has recently launched $USST on Stellar for institutional users to mint settlement-focused assets and expand tokenized RWA use cases on-chain.
The bill’s restrictions on yield-bearing crypto products may push the industry away from passive "hold-to-earn" models and toward AI-driven, compliant yield infrastructure, according to STBL Chief Commercial Officer Joe Vollono.
Major crypto unlocks May 11-17, 2026 release over $118M into markets. Pump.fun, Pieverse, Arbitrum, and STBL lead with the largest individual unlock events.
The companies are joining forces to introduce an RWA-backed stablecoin on OKX’s Ethereum-compatible layer-2 blockchain, X Layer.
MSCI’s proposed reclassification and potential index exclusion of Digital Asset Treasury (DAT) companies now looms over the market as a major structural overhang, says Dr. Avtar Sehra, founder and CEO of STBL. This helps explain the lack of a sustained recovery in crypto prices since the October 10th crash.
STBL joins Kaito Mindshare to strengthen Web3 transparency with a $500K incentive program in order to reward the global creators for verified insights.
