STABLE · a monthly release that is about to be switched off.

Stable cannot create a single new token. The whole 100B was issued in one event at launch and the chain confirms it — total supply reads exactly 100,000,000,000 and has not moved. Staking pays rewards too, but in the stablecoin the chain charges for gas, not in STABLE, so securing the network mints nothing.

The team and the investors hold half the supply between them and none of it has unlocked. The original terms opened a one-year cliff on Dec 8 2026, already past the end of this quarter — and the rewritten terms published in August pushed the first release out to Dec 8 2027. Nothing here reaches the market in either window.

This is the whole sell side. The foundation holds the 40% ecosystem allocation, released 8% of the supply on day one, and has been letting the remaining 32B out at 888.89M a month ever since — 32B divided by 36 months, to the cent. Three of those releases landed inside this quarter, on Jun 8, Jul 8 and Aug 8 2026, so the row is 2.67B. The float has gone from 18B on day one to 25.77B, and every token of that difference is foundation supply.

The chain launched in December 2025. There is no estate, no trustee, no creditor distribution, and no expiring lock that could hand supply back to the market.

Stable buys back nothing. Gas is charged in a stablecoin and collects in a treasury that validators can pass to their delegators — still in that stablecoin. None of it is ever converted into STABLE. Routing revenue into buybacks has been discussed publicly and no commitment has been made either way.

There is no burn, and we checked it two ways rather than one. The burn addresses hold exactly nothing at both ends of the window, and total supply reads the same 100,000,000,000 at both ends too. Neither moved. Structurally there is no path for one to move: transactions on this chain are paid for in a stablecoin, so STABLE is never consumed by using the network.

No public evidence of release in window — monitored. No dated open-market purchase of STABLE by the foundation or anyone acting for it landed inside the quarter.

Nothing was locked inside this quarter, but a very large lock is dated and published for the next one. The rewritten tokenomics take effect on Oct 5 2026, and on that date the foundation tokens released since launch above the 8% day-one figure are locked back up alongside everyone else's — about 8.92B, roughly a third of everything trading. After that nothing unlocks again until Dec 8 2027.