
The sentiment for $STABLE is highly negative, with reports characterizing it as a "scam" featuring a $2.65B FDV and $562M market cap despite having only $41K in TVL and 0% network utilization. Critics highlight that 79% of the token supply is held by VCs and insiders, and the asset lacks value accrual as network fees are paid in USDT rather than $STABLE. The post further notes that while XRP maintains a community, $STABLE lacks organic support and functional chain activity.

By mdudas
crypto investor @6thManVentures // co-founder @theblock__ @linksdao // @moonbirds kol