$STBL is the governance token powering the STBL ecosystem.
$STBL is the governance token powering the STBL ecosystem.
$STBL Tokenomics
$STBL Tokenomics
$STBL Tokenomics
It aligns long-term incentives across the protocol, ecosystem partners, builders, and the broader community as STBL scales Money-as-a-Service (MaaS), Ecosystem-Specific Stablecoins (ESS), and institutional-grade stablecoin infrastructure.
It aligns long-term incentives across the protocol, ecosystem partners, builders, and the broader community as STBL scales Money-as-a-Service (MaaS), Ecosystem-Specific Stablecoins (ESS), and institutional-grade stablecoin infrastructure.
The tokenomics framework prioritizes:
01
01
Long-term sustainability over short-term speculation
Long-term sustainability over short-term speculation
Long-term sustainability over short-term speculation
02
02
Transparent and predictable supply unlocks
Transparent and predictable supply unlocks
Transparent and predictable supply unlocks
03
03
Strong alignment between the team, community, and ecosystem growth
Strong alignment between the team, community, and ecosystem growth
Strong alignment between the team, community, and ecosystem growth
The unlock and vesting schedule published at TGE has been revised. Under the revised schedule, supply enters circulation in step with protocol adoption - product utility, revenue, liquidity, and regulatory maturity. Vested tokens are held in the central STBL treasury wallets and are deployed only for operational or other pre-agreed purposes. A scheduled unlock does not imply automatic allocation into the market.
The unlock and vesting schedule published at TGE has been revised. Under the revised schedule, supply enters circulation in step with protocol adoption - product utility, revenue, liquidity, and regulatory maturity. Vested tokens are held in the central STBL treasury wallets and are deployed only for operational or other pre-agreed purposes. A scheduled unlock does not imply automatic allocation into the market.
The unlock and vesting schedule published at TGE has been revised. Under the revised schedule, supply enters circulation in step with protocol adoption - product utility, revenue, liquidity, and regulatory maturity. Vested tokens are held in the central STBL treasury wallets and are deployed only for operational or other pre-agreed purposes. A scheduled unlock does not imply automatic allocation into the market.
Founders and the core team have voluntarily extended their unlock cliff by 15 months, and investors have extended theirs by 12 months - locking investor allocations until September 2027. Protocol-wide vesting has been extended by two years, moving final schedule completion from March 2028 to March 2030.
Founders and the core team have voluntarily extended their unlock cliff by 15 months, and investors have extended theirs by 12 months - locking investor allocations until September 2027. Protocol-wide vesting has been extended by two years, moving final schedule completion from March 2028 to March 2030.
Founders and the core team have voluntarily extended their unlock cliff by 15 months, and investors have extended theirs by 12 months - locking investor allocations until September 2027. Protocol-wide vesting has been extended by two years, moving final schedule completion from March 2028 to March 2030.
This disciplined approach to token deployment reinforces STBL’s commitment to supply integrity, long-term value creation, and sustainable ecosystem growth.
This disciplined approach to token deployment reinforces STBL’s commitment to supply integrity, long-term value creation, and sustainable ecosystem growth.
Near-term supply restraint
Under the original tokenomics framework, approximately 4.785 billion STBL (~48% of total supply) was scheduled to unlock by this stage. In practice, protocol governance exercised strict operational restraint, introducing only the initial 700 million STBL minted at TGE into circulation. For the 12-month period from September 2026 through August 2027, scheduled unlocks are reduced by approximately 77% - scaling planned emissions down from 3.866 billion STBL to 900 million STBL. This materially mitigates near-term supply pressure while preserving the operational flexibility required to scale the network.
Under the original tokenomics framework, approximately 4.785 billion STBL (~48% of total supply) was scheduled to unlock by this stage. In practice, protocol governance exercised strict operational restraint, introducing only the initial 700 million STBL minted at TGE into circulation. For the 12-month period from September 2026 through August 2027, scheduled unlocks are reduced by approximately 77% - scaling planned emissions down from 3.866 billion STBL to 900 million STBL. This materially mitigates near-term supply pressure while preserving the operational flexibility required to scale the network.
Token Allocation
Token Allocation
Token Allocation
Token Allocation
Token Allocation
Token Allocation
Total Token Supply
Total Token Supply
10,000,000,000 $STBL
10,000,000,000 $STBL
The total supply is fixed at 10,000,000,000 $STBL.
The total supply is fixed at 10,000,000,000 $STBL.
25%
Team & Advisors
A portion of supply is reserved for the core team and advisors, with long cliffs and extended vesting schedules. Founders and the core team have voluntarily extended their unlock cliff by a further 15 months. This ensures deep alignment with the long-term success of the protocol and discourages short-term incentives.
25%
Team & Advisors
A portion of supply is reserved for the core team and advisors, with long cliffs and extended vesting schedules. Founders and the core team have voluntarily extended their unlock cliff by a further 15 months. This ensures deep alignment with the long-term success of the protocol and discourages short-term incentives.
25%
Team & Advisors
A portion of supply is reserved for the core team and advisors, with long cliffs and extended vesting schedules. Founders and the core team have voluntarily extended their unlock cliff by a further 15 months. This ensures deep alignment with the long-term success of the protocol and discourages short-term incentives.
20%
Staking Rewards
Designed to incentivize long-term participation and align token holders with network growth. Emissions are distributed gradually to avoid sudden supply shocks, and will depend on volumes staked.
20%
Staking Rewards
Designed to incentivize long-term participation and align token holders with network growth. Emissions are distributed gradually to avoid sudden supply shocks, and will depend on volumes staked.
20%
Staking Rewards
Designed to incentivize long-term participation and align token holders with network growth. Emissions are distributed gradually to avoid sudden supply shocks, and will depend on volumes staked.
19%
Private Sales & Public Distribution
Of the total supply, 12% was allocated to private investors, 3% is reserved for a potential follow-up private sale round, and 4% for a public round. There are no firm plans to run these further rounds in the near future; any such plans will be communicated and discussed with the community.
19%
Private Sales & Public Distribution
Of the total supply, 12% was allocated to private investors, 3% is reserved for a potential follow-up private sale round, and 4% for a public round. There are no firm plans to run these further rounds in the near future; any such plans will be communicated and discussed with the community.
19%
Private Sales & Public Distribution
Of the total supply, 12% was allocated to private investors, 3% is reserved for a potential follow-up private sale round, and 4% for a public round. There are no firm plans to run these further rounds in the near future; any such plans will be communicated and discussed with the community.
15%
Treasury
Provides strategic flexibility for protocol operations and administration, strategic partnerships, long-term protocol resilience, and treasury operations - with a strategy geared to generating returns and preserving capital. Treasury deployments follow the revised unlock schedule and are communicated to the community in advance.
15%
Treasury
Provides strategic flexibility for protocol operations and administration, strategic partnerships, long-term protocol resilience, and treasury operations - with a strategy geared to generating returns and preserving capital. Treasury deployments follow the revised unlock schedule and are communicated to the community in advance.
15%
Treasury
Provides strategic flexibility for protocol operations and administration, strategic partnerships, long-term protocol resilience, and treasury operations - with a strategy geared to generating returns and preserving capital. Treasury deployments follow the revised unlock schedule and are communicated to the community in advance.
11%
Ecosystem Development
Allocated to support ESS partner onboarding, developer incentives such as bug bounty programs and strategic projects built with STBL, integrations across(DeFi, TradFi, and payment infrastructure), strategic commercial and ecosystem initiatives. This allocation is critical to accelerating adoption and incentivising early ecosystem participants.
11%
Ecosystem Development
Allocated to support ESS partner onboarding, developer incentives such as bug bounty programs and strategic projects built with STBL, integrations across(DeFi, TradFi, and payment infrastructure), strategic commercial and ecosystem initiatives. This allocation is critical to accelerating adoption and incentivising early ecosystem participants.
11%
Ecosystem Development
Allocated to support ESS partner onboarding, developer incentives such as bug bounty programs and strategic projects built with STBL, integrations across(DeFi, TradFi, and payment infrastructure), strategic commercial and ecosystem initiatives. This allocation is critical to accelerating adoption and incentivising early ecosystem participants.
10%
Liquidity & Market Making
Reserved for exchange liquidity, order-book depth and market efficiency. These tokens are not used for treasury sales and follow a controlled release schedule. These will be dependent on new spot listings, market maker appointments and market structure changes.
10%
Liquidity & Market Making
Reserved for exchange liquidity, order-book depth and market efficiency. These tokens are not used for treasury sales and follow a controlled release schedule. These will be dependent on new spot listings, market maker appointments and market structure changes.
10%
Liquidity & Market Making
Reserved for exchange liquidity, order-book depth and market efficiency. These tokens are not used for treasury sales and follow a controlled release schedule. These will be dependent on new spot listings, market maker appointments and market structure changes.
Unlock & Deployment Overview
Unlock & Deployment Overview
Unlock & Deployment Overview
In line with the revised unlock schedule, a portion of tokens becomes eligible for release each quarter. An unlock does not imply immediate circulation or sale. The majority of unlocked tokens remain held in the treasury and will not be deployed unless explicitly communicated.
For clarity, token deployment does not imply discretionary treasury sales and may include activities such as exchange liquidity, market structure support, or ecosystem integrations.
In line with the revised unlock schedule, a portion of tokens becomes eligible for release each quarter. An unlock does not imply immediate circulation or sale. The majority of unlocked tokens remain held in the treasury and will not be deployed unless explicitly communicated.
For clarity, token deployment does not imply discretionary treasury sales and may include activities such as exchange liquidity, market structure support, or ecosystem integrations.
In line with the revised unlock schedule, a portion of tokens becomes eligible for release each quarter. An unlock does not imply immediate circulation or sale. The majority of unlocked tokens remain held in the treasury and will not be deployed unless explicitly communicated.
For clarity, token deployment does not imply discretionary treasury sales and may include activities such as exchange liquidity, market structure support, or ecosystem integrations.
All token sales and releases are executed thoughtfully, in alignment with long-term ecosystem objectives. Any meaningful token activity will be communicated to the community in advance.
All token sales and releases are executed thoughtfully, in alignment with long-term ecosystem objectives. Any meaningful token activity will be communicated to the community in advance.
All token sales and releases are executed thoughtfully, in alignment with long-term ecosystem objectives. Any meaningful token activity will be communicated to the community in advance.
Revised Token Unlock
Enhanced Transparency via
Labeled Wallets
Scheduled unlocks represent the amount becoming eligible for release under the revised token schedule across all token categories. A scheduled unlock does not imply automatic allocation into the market. All unlocked tokens are not allocated when they unlock but remain at the discretion of the protocol
Scheduled unlocks represent the amount becoming eligible for release under the revised token schedule across all token categories. A scheduled unlock does not imply automatic allocation into the market. All unlocked tokens are not allocated when they unlock but remain at the discretion of the protocol
Scheduled unlocks represent the amount becoming eligible for release under the revised token schedule across all token categories. A scheduled unlock does not imply automatic allocation into the market. All unlocked tokens are not allocated when they unlock but remain at the discretion of the protocol
Unlocked tokens will be transferred from the main vault into designated quarterly wallets.
Unlocked tokens will be transferred from the main vault into designated quarterly wallets.
Unlocked tokens will be transferred from the main vault into designated quarterly wallets.
Tokens will then be moved into the treasury wallet for their intended uses according to the approved deployment schedule.
Tokens will then be moved into the treasury wallet for their intended uses according to the approved deployment schedule.
Tokens will then be moved into the treasury wallet for their intended uses according to the approved deployment schedule.
Period
Scheduled Unlock (M STBL)
Cumulative Scheduled Unlock (M STBL)
Cumulative % of Total Capped Supply
TGE (Vested)
700.0
700.0
7.0%
Q3 2026
350.0
1,050.0
10.5%
Q4 2026
150.0
1,200.0
12.0%
Q1 2027
150.0
1,350.0
13.5%
Q2 2027
150.0
1,500.0
15.0%
Q3 2027
266.4
1,766.4
17.7%
Q4 2027
633.7
2,400.1
24.0%
Q1 2028
904.6
3,304.7
33.0%
Q2 2028
1,148.3
4,453.0
44.5%
Q3 2028
1,148.3
5,601.3
56.0%
Q4 2028
1,148.3
6,749.6
67.5%
Q1 2029
1,148.3
7,897.9
79.0%
Q2 2029
958.3
8,856.2
88.6%
Q3 2029
506.2
9,362.5
93.6%
Q4 2029
393.8
9,756.2
97.6%
Q1 2030
243.8
10,000.0
100.0%
Period
Scheduled Unlock (M STBL)
Cumulative Scheduled Unlock (M STBL)
Cumulative % of Total Capped Supply
TGE (Vested)
700.0
700.0
7.0%
Q3 2026
350.0
1,050.0
10.5%
Q4 2026
150.0
1,200.0
12.0%
Q1 2027
150.0
1,350.0
13.5%
Q2 2027
150.0
1,500.0
15.0%
Q3 2027
266.4
1,766.4
17.7%
Q4 2027
633.7
2,400.1
24.0%
Q1 2028
904.6
3,304.7
33.0%
Q2 2028
1,148.3
4,453.0
44.5%
Q3 2028
1,148.3
5,601.3
56.0%
Q4 2028
1,148.3
6,749.6
67.5%
Q1 2029
1,148.3
7,897.9
79.0%
Q2 2029
958.3
8,856.2
88.6%
Q3 2029
506.2
9,362.5
93.6%
Q4 2029
393.8
9,756.2
97.6%
Q1 2030
243.8
10,000.0
100.0%
Period
Scheduled Unlock (M STBL)
Cumulative Scheduled Unlock (M STBL)
Cumulative % of Total Capped Supply
TGE (Vested)
700.0
700.0
7.0%
Q3 2026
350.0
1,050.0
10.5%
Q4 2026
150.0
1,200.0
12.0%
Q1 2027
150.0
1,350.0
13.5%
Q2 2027
150.0
1,500.0
15.0%
Q3 2027
266.4
1,766.4
17.7%
Q4 2027
633.7
2,400.1
24.0%
Q1 2028
904.6
3,304.7
33.0%
Q2 2028
1,148.3
4,453.0
44.5%
Q3 2028
1,148.3
5,601.3
56.0%
Q4 2028
1,148.3
6,749.6
67.5%
Q1 2029
1,148.3
7,897.9
79.0%
Q2 2029
958.3
8,856.2
88.6%
Q3 2029
506.2
9,362.5
93.6%
Q4 2029
393.8
9,756.2
97.6%
Q1 2030
243.8
10,000.0
100.0%
Transparency & Community Alignment
Transparency & Community Alignment
Transparency & Community Alignment
Transparency & Community Alignment
Transparency & Community Alignment
Transparency is a core principle of STBL. Allocation categories were defined at the time of the TGE and remain unchanged. The unlock schedule has been revised - extending vesting and reducing near-term unlocks - and the revised schedule is published in full above.
Transparency is a core principle of STBL. Allocation categories were defined at the time of the TGE and remain unchanged. The unlock schedule has been revised - extending vesting and reducing near-term unlocks - and the revised schedule is published in full above.
Transparency is a core principle of STBL. Allocation categories were defined at the time of the TGE and remain unchanged. The unlock schedule has been revised - extending vesting and reducing near-term unlocks - and the revised schedule is published in full above.
■ Any future material token movements will be communicated clearly and proactively to the community, including the purpose and allocation category. The team is committed to ensuring token economics are managed to support durable, long-term value creation rather than short-term market optics.
■ Any future material token movements will be communicated clearly and proactively to the community, including the purpose and allocation category. The team is committed to ensuring token economics are managed to support durable, long-term value creation rather than short-term market optics.
■ Any future material token movements will be communicated clearly and proactively to the community, including the purpose and allocation category. The team is committed to ensuring token economics are managed to support durable, long-term value creation rather than short-term market optics.
■ All decisions around token deployment and incentives are made with the long-term health, stability, and growth of the ecosystem in mind.
■ All decisions around token deployment and incentives are made with the long-term health, stability, and growth of the ecosystem in mind.
■ All decisions around token deployment and incentives are made with the long-term health, stability, and growth of the ecosystem in mind.
■ $STBL tokenomics are designed to support the next phase of stablecoins, one where infrastructure, compliance, and ecosystem ownership matter more than speculation. This structure reflects STBL’s commitment to building institutional-grade financial rails while remaining deeply aligned with its community.
■ $STBL tokenomics are designed to support the next phase of stablecoins, one where infrastructure, compliance, and ecosystem ownership matter more than speculation. This structure reflects STBL’s commitment to building institutional-grade financial rails while remaining deeply aligned with its community.
■ $STBL tokenomics are designed to support the next phase of stablecoins, one where infrastructure, compliance, and ecosystem ownership matter more than speculation. This structure reflects STBL’s commitment to building institutional-grade financial rails while remaining deeply aligned with its community.
■ As the ecosystem scales, we will continue to expand transparency through more detailed updates, dashboards, and reporting around token distribution and usage.
■ As the ecosystem scales, we will continue to expand transparency through more detailed updates, dashboards, and reporting around token distribution and usage.
■ As the ecosystem scales, we will continue to expand transparency through more detailed updates, dashboards, and reporting around token distribution and usage.
■ We report on two separate tracks: Scheduled Unlocks - the amounts becoming eligible for release under the revised schedule; and Token Allocations - the portion of eligible tokens actually introduced into the market based on protocol requirements.
■ We report on two separate tracks: Scheduled Unlocks - the amounts becoming eligible for release under the revised schedule; and Token Allocations - the portion of eligible tokens actually introduced into the market based on protocol requirements.
■ Additional details on category-level allocations, technical deployment mechanics, and quarterly reserve decisions will be published as implementation progresses.
■ Additional details on category-level allocations, technical deployment mechanics, and quarterly reserve decisions will be published as implementation progresses.
■ Our operational philosophy remains clear: build the protocol first, grow adoption sustainably, and let token supply follow that growth rather than lead it.
■ Our operational philosophy remains clear: build the protocol first, grow adoption sustainably, and let token supply follow that growth rather than lead it.
