STBL releases the latest progress, the anchoring mechanism will be launched at the end of November

ChainCatcher news, STBL founder and CEO Avtar Sehra stated on X that their roadmap is progressing steadily, with the minting function now online. The next step will be the launch of multi-staking and a buyback mechanism based on USST.

The core anchoring system is expected to go live by the end of November and complete market calibration by December. This system will achieve price stability through on-chain minting/burning ratios, an open redemption mechanism, and incentives for liquidity providers.

Officials stated that November to December will be a critical phase of transitioning from "building" to "balancing." STBL is committed to creating a resilient, market-driven stablecoin system, referred to as "Stablecoin 2."