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$STABLE is not a stablecoin; it is a public chain token primarily focused on stablecoin payments.
The main transfer fee is paid directly with USDT, making transfers fast and the fees cheap, mainly used for cross-border payments and daily on-chain transactions.
Total supply is 10 billion, and the token is used for staking, governance, and ecosystem rewards. Recently, it suddenly surged, rising by 30 to 40 points in one day, with trading volume doubling.
The main reasons: previous sharp decline leading to an oversold rebound, short positions being forced to close; plus the project itself has updates, and USDT cooperation has deepened, with the overall stablecoin sector also hot, attracting a lot of capital to speculate.
Small-cap tokens are highly volatile, offering high returns but also high risks; short-term trading is the main strategy, so be cautious with position control.