Binance launches STBL, a new challenger for Tether alumni, and the stablecoin battle heats up
Source: CoinWorld
Time: 2025-09-12 22:25:08
Binance has launched STBL, an Ethereum-based stablecoin pegged to the US dollar, developed by Tether co-founder Paolo Ardoino. The token is currently being tested on Binance Alpha Test Network, aimed at early users, and will be issued on a larger scale later. STBL aims to enrich Binance’s stablecoin product line, supplementing the options of stablecoins such as USDT and USDC, with its early trading volume showing steady growth in cross-border transactions. Amid the increasing focus on stablecoins by regulators, STBL's success may depend on the popularity of DeFi and its integration with the Binance ecosystem.