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

according to STBL founder and CEO Avtar Sehra on X, its roadmap is progressing steadily, with the minting function now online. The next step will introduce multi-staking and a buyback mechanism based on USST. The core anchoring system is expected to go live by the end of November, with market calibration completed in 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 from "building" to "balancing," as STBL is committed to creating a resilient, market-driven stablecoin system, referred to as "Stablecoin 2."