The post Why is STABLE’s price up today? Tether’s USAT, network upgrade & more appeared on BitcoinEthereumNews.com.

STABLE, the native token of the USDT-powered StableChain, exploded nearly 50% in the past 24 hours.   Given that StableChain is backed by Bitfinex, Tether’s liquidity layer for stablecoins USDTO and PayPal, the USAT announcement appeared to have ignited the STABLE bulls. Following the USAT update, STABLE trading volume exploded by 250% during the run.  However, at press time, the token had given back most of the gains following the post-FOMC risk-off tone and broader crypto retracement.  Source: STABLE/USDT, TradingView  What’s next for STABLE For the unfamiliar, StableChain is part of a line of payment-focused rails that seeks to remove frictions observed in legacy blockchains like gas tokens for transfers. Other purpose-built chains for stablecoin payments include Plasma, Stripe-backed Tempo, and Circle’s Arc.   Plasma and StableChain are backed by Tether, hence the positive USAT update may have contributed to the explosive upswing. Besides, the network is scheduled for an upgrade on the 4th of February, aiming to add new features such as gas waivers and smoother payment integrations.  Meanwhile, the STABLE token has rallied over 90% from mid-January lows, and if the positive market sentiment persists, the recent cool-off could offer new buying opportunities.  As such, if the Golden Ratio of $0.02 (61.8% Fib level) holds, the token may retest the overhead resistance at $0.032.  Source: STABLE/USDT, TradingView  Otherwise, losing the Golden Ratio may push the token lower to the multi-week support trendline (blue).  That said, at the time of writing, there was aggressive selling on the Futures markets, as speculators booked profits after the mid-week rally. Bybit leads sell-off According to Futures Cumulative Volume Delta (CVD), which tracks total buying and selling pressure, OKX and Bybit had sharply dropped into negative territory. This meant that users on the two exchanges were aggressively selling the token.  However, Binance’s CVD also went…

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Filed under: News - @ January 30, 2026 4:25 am