A few days ago, @stbl_official shared a brief summary and achievements for Q4 2025. Aside from the well-known AmericaT minting, multi-factor staking, dune dashboards, and multiple ESS partnerships, there are a few other noteworthy points: 1️⃣ Tokenomics Update In December this year and Q1 2026, there will be no further unlocks for STBL. A detailed update on the STBL token economic model will be released soon. 2️⃣ STBL Buyback Plan No wonder the buyback wallet hasn’t seen any activity for over 40 days—the team decided to change their strategy. Given the current market conditions, buybacks don’t seem very effective. The remaining 430,000 USDC will be reallocated to build the STBL ecosystem, with buybacks reconsidered when the market improves. 3️⃣ STBL Spot Listings on T1/T2 Exchanges in H1 2026 As of now, among mainstream CEXs, STBL spot is only listed on Gate and MXC. Bybit and BG only have contracts, Binance has alpha and contracts, and OKX hasn’t listed anything yet. As shown in the chart, STBL is listed on a total of 15 exchanges for either contracts or spot trading. This is definitely good news!