On 10/31, @stbl_official announced that the STBL buyback plan has officially started. In the first phase, 1 million USDC will be added to the PancakeSwap STBL/USDC pool, executed using the Time-Weighted Average Price (TWAP) strategy. The goal of this buyback is to purchase $1 million worth of STBL. Buyback address: 0xa1Dd9151875EFE9373DB15A5b96534c242403DEb Checked the recent activity of this address: Starting from the afternoon of 10/31, this address has bought back approximately $320K worth of STBL at an average price of 0.97. The last buyback was on 10/31 at 22:00:15. Currently, there’s still $640K worth of STBL left to be bought back. I noticed that on 10/1, this address purchased nearly 420K AmericaTBL at an average price of around 0.35 and hasn’t transferred or sold any of it since. Could it be that the project team already conducted a buyback before? According to their Twitter post, once the buyback is fully completed, all the repurchased STBL will be transferred to a dedicated treasury vault for locking and will not be made available externally. Treasury address: 0xB3dd2BF3bE5B53D3e1E8c863DebB36450DC553bc As of now, the repurchased STBL has not yet been transferred to the treasury. They’ve added a deflationary mechanism to STBL. If this buyback plan has a second, third, fourth... phase, it’s essentially the project team setting a price floor for STBL.