Tether co-founder’s stablecoin project STBL sees AmericaT token continuously depeg after launch According to Geckoterminal data, the AmericaT stablecoin launched by Tether co-founder Reeve Collins’ stablecoin project STBL has been continuously depegging since its release. Early this morning, it dropped to a low of $0.9620 and has since recovered to $0.9748.