$STBL is usually the code for stablecoin projects, often used in cross-chain liquidity or collateral scenarios, pegged to the US dollar, with low volatility. Its core value lies in providing a stable trading medium and a fund hedging function.
The decline is mainly due to the rising risk of decoupling, with a large amount of the underlying liquidity pool being redeemed, leading to tight liquidity; at the same time, market confidence is insufficient, institutions withdraw liquidity, concentrated selling pressure is released, causing the price to deviate from the pegged range.
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