Tether Co-Founder Reeve Collins' STBL Coin Down 80% in Value

Tether co-founder Reeve Collins' new coin, STBL, has lost 80% of its value since launch, despite Collins' claims that it is a governance token for USST and a next evolution of USD-pegged stablecoins. Collins previously served as CEO of Tether and raised $70 million for a gambling business. The coin is not listed on major platforms and has less than $1.6 million in available collateral, compared to Tether's $162 billion. Collins has not been listed as a billionaire by Forbes or Bloomberg.

Robinhood has announced the listing of three new cryptocurrencies on its U.S. platform: Aster (ASTER), Plasma (XPL), and Virtuals Protocol (VIRTUAL). This move aims to diversify Robinhood’s crypto offerings amidst growing retail demand for DeFi, Layer 1 blockchains, and AI-integrated tokens. The addition of these tokens positions Robinhood to compete more aggressively with platforms like Coinbase, particularly for sophisticated traders interested in emerging ecosystems Robinhood Lists ASTER, XPL and VIRTUAL On Spot, as Jupiter Announces Major Changes for the JUP Token^[1].

Aster (ASTER), the native token of a Binance-backed decentralized exchange (DEX) on BNB Chain, specializes in perpetual futures trading with high-leverage options. Endorsed by Binance co-founder CZ, ASTER recently hit a $3.9B market cap peak but is now trading around $1.25, down ~10% in the last 24 hours post-listing due to market volatility Robinhood Lists ASTER, XPL and VIRTUAL On Spot, as Jupiter Announces Major Changes for the JUP Token^[1].

Plasma (XPL) is a token for a Bitcoin-secured, EVM-compatible Layer 1 blockchain focused on stablecoins and real-world assets (RWAs), backed by Tether. It enables on-chain settlement of US Treasuries and yield distribution. XPL attracted $6B in total value locked (TVL) shortly after its September launch but briefly surged above $0.50 post-listing before retracing to ~$0.44 amid Bitcoin dipping below $110K Robinhood Lists ASTER, XPL and VIRTUAL On Spot, as Jupiter Announces Major Changes for the JUP Token^[1].

Virtuals Protocol (VIRTUAL) is a native token powering an AI-agent infrastructure network, allowing the deployment of autonomous digital agents for smart contracts, DeFi management, and tokenized economies. Part of the rising AI-DeFi trend, VIRTUAL saw initial post-listing buzz but faced broader market pullback. The listings sparked brief price jumps like ASTER up 5% and XPL up 7% initially, but volatility dragged gains back as the broader crypto market cooled Robinhood Lists ASTER, XPL and VIRTUAL On Spot, as Jupiter Announces Major Changes for the JUP Token^[1].

These additions position Robinhood to compete more aggressively with platforms like Coinbase, especially for sophisticated traders interested in emerging ecosystems. Listing on Robinhood, a platform with millions of retail users, introduces these tokens to a mainstream audience, potentially driving adoption and trading volume. Robinhood’s user-friendly interface and zero-commission trading make it easier for new investors to access these emerging tokens, especially for those less familiar with decentralized exchanges Robinhood Lists ASTER, XPL and VIRTUAL On Spot, as Jupiter Announces Major Changes for the JUP Token^[1].

Increased retail participation could enhance liquidity for ASTER, XPL, and VIRTUAL, stabilizing price volatility over time. The listings triggered initial price surges but subsequent pullbacks reflect profit-taking and broader market corrections as Bitcoin dipped below $110K. Retail-driven platforms like Robinhood often amplify speculative trading, which could lead to price swings, especially for newer tokens like XPL and VIRTUAL Robinhood Lists ASTER, XPL and VIRTUAL On Spot, as Jupiter Announces Major Changes for the JUP Token^[1].

Jupiter, the leading decentralized exchange (DEX) aggregator on Solana, made headlines earlier in 2025 with transformative updates to its native governance token, JUP. These changes aimed to enhance token scarcity, sustainability, and long-term value. Jupiter’s pseudonymous founder, “Meow,” revealed plans to burn 3 billion JUP tokens—valued at approximately $3.6 billion at the time. This symbolic act reduces the total supply from 10 billion to around 7 billion tokens, addressing concerns over high fully diluted valuation (FDV) and emissions .

Starting in late January 2025, Jupiter allocated 50% of its protocol fees to repurchase JUP tokens from the market. These buybacks are locked for long-term holding initially for three years, with the remaining 50% reinvested into ecosystem growth, strategy, and operations. A dedicated dashboard was launched in February for real-time transparency on repurchases and locks. The announcements coincided with other expansions, including the beta launch of “Jupnet” an omnichain network, a $10 million AI fund with Eliza Labs, acquisition of a majority stake in meme coin launchpad Moonshot, and integration of portfolio tracker SonarWatch .

These position Jupiter as a multi-chain liquidity hub amid competition from projects like LayerZero. The immediate impact was a 40% surge in JUP’s price, from $0.90 to $1.27, though it later stabilized around $1.06. By mid-2025, further unlocks (e.g., 53.47 million tokens in July, worth $32 million) introduced some supply pressure, but the reforms have bolstered community confidence. Analysts view these as bullish signals for JUP’s role in Solana’s DeFi growth, with price predictions for end-2025 averaging $1.03 ranging from $0.44 to $1.40 .