STBL — price, funding and open interest
STBL/USDT perpetual on Binance · BingX · Bybit · Hyperliquid · Gate · MEXC · Kraken · KuCoin: price 0.023625, 24h turnover $3.0M. Updated in real time.
What this is
Decentralised financeSTBL is stablecoin 2.0 from Reeve Collins, Tether's co-founder and first CEO: a dollar backed by tokenized Treasuries where the reserve yield is not kept by the issuer, as with USDT, but shared with holders via a separate yield token. The idea strikes at the main reproach against stablecoins — Tether earns billions on other people's money. The STBL token governs the protocol. The yield-stablecoin niche is filling fast (Ethena, Ondo), and the regulatory status of such constructions is an open question.
Chart
Chart built from data of Bybit
STBL unlocks
Our sources have no unlock schedule for this coin. 5 % of the issued supply is in circulation per CoinGecko; the rest may be locked or not yet issued.
Net issuance will appear once our supply ledger covers 30 days.
Supply figures are from CoinGecko, updated once a day. We do not take unlock schedules from trackers.
What the data shows
STBL trades at 0.023625. Over 365 days it ranged between 0.019830 and 0.1078; the price now sits in the lower third of that range — 4% of the way from the yearly low to the high.
All-time high is 0.6121 (September 2025); the price is 96% below it now.
Open positions in STBL are worth $6.2M. Over the past hour open interest rose by 0.02%. That is at percentile 0 over three weeks: noticeably fewer positions than usual.
24-hour turnover is $3.0M — percentile 90 for the year: noticeably busier than usual.
NATR is 0.05% on the minute and 1.38% on the hour — the move is choppy: within an hour price travels far and comes back.
Traded on 8 venues: Binance, BingX, Bybit, Hyperliquid, Gate, MEXC, Kraken, KuCoin — the price is cross-checked across several sources.
The daily range is 9.5% and five-minute NATR is 0.18%. That range is at percentile 58 for the year — an ordinary day for it.
Funding is +0.0050%: longs pay shorts, so positioning leans to buyers.
STBL correlation with Bitcoin over 24 hours is 0.74 — the coin closely follows the market.
Over the day -2.88%, over the hour +0.21%, over the last five minutes 0.00% — it moved livelier an hour ago and has since gone quiet.
By turnover it ranks 704 of 2160 instruments in the screener.
By daily range it ranks 1243 of 2160.
Built from current numbers and the coin's own year of history. Updates with the data.
How STBL behaved before
Tracked since September 2025 — 14 full months. 6 of 14 closed higher, median month -4.2%.
Best month — September 2025: +116.0%. Worst — October 2025: -73.1%.
Computed from our own minute history, month by month. The past promises nothing — but it shows what is ordinary for this instrument and what is not.
Our observations
KairoRight now STBL is within its usual range: volume, funding and open interest are all unremarkable.
Computed from our own minute history for this coin over a year. Percentile is the share of days the value was below today's. Description only, no forecasts.
What we noticed earlier
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Price and movement
Turnover and activity
Futures metrics
How to read this
- Funding is a payment between longs and shorts. A positive rate means longs pay shorts: the market is crowded long.
- The rate rank shows how unusual that rate is for this particular coin: 97 means above 97% of the last month, a rare skew. Without the rank the bare number says nothing — every coin has its own normal.
- Open interest is the money sitting in positions that are still open. Rising alongside price means new money entering; rising while price falls means shorts building up.
- The OI rank is measured in contracts rather than dollars: otherwise it would drift up with price alone and claim a record where nothing changed.
- NATR shows how much a coin moves relative to its own price. High NATR with high turnover is where today's action is.
How much money sits in open positions on each venue. The total spans every exchange listing the contract.