The mechanism of the STBL project mainly consists of two parts 1. MFS integrates pledge innovation 2. Repurchase Plan Brief Analysis of Monthly Repurchase Plan @STBL_official will launch a monthly repurchase plan on October 31, 2025, investing 1 million USDC per month to purchase STBL through PancakeSwap via TWAP. A total of 3 million USDC will be invested in the first three months. At present, only about $71000 has been executed and 988000 STBLs have been purchased, all of which have been locked in transparent vaults and will be destroyed in batches in the future to offset inflation. According to the repurchase plan of $1 million in the first month, there should be a terrifying repurchase intensity in the second half of this month Main executor wallet (accounting for 50% of repurchase volume): 0x76801132a22801640284cd67f7dd41fed2926b6a 0x76801132a22801640284cd67f7dd41fed2926b6a The current repurchase volume only accounts for 0.08% of the flow, but with the implementation of the destruction mechanism, the increase in AmericaT adoption, and the increase in RWA revenue, the repurchase effect will gradually amplify. two The repurchase funds come from agreement fees, RWA earnings, and treasury (totaling 1.5 billion STBL, unlocked and not entering the market). AmericaT's casting/destruction costs and US Treasury RWA returns (such as USDY) provide long-term support, forming a "self reinforcing token flywheel" for STBL. Repurchase is executed through multiple small transactions to avoid slippage, and all transactions on the chain are transparent and traceable. It is expected to purchase 42-60 million STBLs (accounting for 3% -5% of the total circulation) within three months, and in the long run, the plan is to dynamically expand the repurchase scale based on TVL, transaction fees, and governance parameters. 3. Growth flywheel Revenue cycle: Costs incurred by AmericaT casting → 2 Cost subsidy for repurchase/destruction → 3 Supply reduction increases scarcity → 4 Attract more pledge participation → 5 Higher TVL generates more costs Overall, this plan is STBL's core strategy for stabilizing tokens, enhancing value capture, and strengthening ecological sustainability. The community generally believes that its long-term potential outweighs its short-term price impact.