Brothers, happy Winter Solstice! Have you all eaten dumplings today?

I just finished watching @stbl_official's updates for this quarter, and overall, my impression is very clear:

They are not chasing market rhythms; instead, they are trying to make stablecoins and RWA something that institutions can genuinely use and rely on for the long term, rather than projects that only last a few months of data and storytelling.

In the 90 days after the TGE, STBL has focused almost all its energy on four directions: compliance, risk, auditing, and infrastructure.

This is not the easiest choice to generate topics, but it is the underlying project that institutions cannot bypass before entering the market.

From the execution results, it can be seen that the foundation is indeed being supplemented:

The USST contract has been completed and passed independent audits, the three-factor stable model has been finalized, the transparent data panel has been launched, and the multi-factor staking mechanism has been implemented. At this stage, the entire system's "institutional-level foundation" can truly be considered formed.

The expansion strategy of USST is also very restrained.

First, ensure that the automatic anchoring mechanism, collateral risk framework, and regulated counterparties are all running smoothly, and then gradually scale up - not seeking speed, but the direction is very clear, and it aligns better with the logic of real funds entering.

The ESS-related cooperation is currently in the final stage, with several items undergoing the final legal and regulatory processes, and key milestones are expected to be disclosed in early 2026.

They chose not to release news in advance, which seems relatively calm in the current market environment where pre-heating and expectations are easily stirred.

The attitude at the token level is also long-term.

STBL will not be unlocked in December and Q1 2026;

Repurchase is suspended, and resources are prioritized for the system's own construction.

The signal released is also very direct - do not exchange long-term structures for short-term market trends.

On the exchange side, the integration of T1 / T2 has basically been finalized, with a portion going live first, while the rest will be gradually promoted in the first half of 2026, rather than concentrating on releasing tokens for the sake of "listing quantity."

Overall, STBL is following a slow path of institutional-level stablecoin + MaaS infrastructure.

This road is not lively and is not suitable for emotional games, but if you really want to make things big and last long, laying the foundation in the early stage is almost the only choice.

Real growth has never accelerated from the very beginning.

Only after the foundation is solid can we discuss the possibility of accelerating.

@KaitoAI #Yapping #MadewithMoss @MossAI_Official #Starboard @Galxe @RiverdotInc @River4fun