Stable Tape · The Move
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The change in USD stablecoin supply between two consecutive Stable Tape fixings, taken at 16:00 Europe/London, broken down by Token, Chain and Issuer. A change is named only when both fixings measured it on the same basis. The remainder is shown as unresolved or held, and is not attributed.
- Market change
- −$879.0M−$878,962,195
- 15 September 2026
- $311.78B$311,779,768,157
- 16 September 2026
- $310.90B$310,900,805,962
Move hash 3e3d196e10091828f347db4decec0c4b879447045440731514a797c5d40340bd
The Move
| Scope | Named | Unresolved | Held | Rounding | Market change |
|---|---|---|---|---|---|
| Token | −$1.37B | −$1.4M | +$488.9M | $0 | −$879.0M |
| Chain | −$1.37B | $0 | +$495.7M | −$4,341 | −$879.0M |
| Issuer | −$130.7M | −$805.5M | +$57.3M | $0 | −$879.0M |
Token
−$1.37B named across 170 tokens
Largest increases
- USDe+$37.1M
- SBC+$8.0M
- pmUSD+$7.5M
- reUSD+$6.4M
- SOFID+$3.1M
Unresolved −$1.4M
- Source valuation unresolved (160 source assets)−$1.4M
Held +$488.9M
Changes that could not be compared on the same basis. Visible for reconciliation, attributed to nothing.
9 held transitions
| Held portion | Why | Change |
|---|---|---|
| Source asset 2, Arc | A chain row entered or left coverage | +$435.4M |
| Source asset 442 | Newly present at the later fixing | +$56.3M |
| Source asset 45 | Classification changed between fixings | −$2.6M |
| Source asset 439 | Classification changed between fixings | −$1.6M |
| Source asset 441 | Newly present at the later fixing | +$967K |
| Source asset 176 | Classification changed between fixings | +$194K |
| Source asset 125 | Classification changed between fixings | +$147K |
| Source asset 99 | Classification changed between fixings | −$19K |
| Source asset 196 | Classification changed between fixings | +$2K |
Chain
−$1.37B named across 142 chains
Largest increases
- Plasma+$91.1M
- Sonic+$23.7M
- Avalanche+$11.9M
- Sui+$8.6M
- TON+$5.4M
Unresolved $0
No unresolved class.
Held +$495.7M
Changes that could not be compared on the same basis. Visible for reconciliation, attributed to nothing.
11 held transitions
| Held portion | Why | Change |
|---|---|---|
| Source asset 2 on Arc | Chain row entered coverage | +$435.4M |
| Source asset 442 on Ethereum | Chain row entered coverage | +$56.3M |
| Source asset 2 on ALEO | Chain row entered coverage | +$3.5M |
| Source asset 266 on Ethereum | Chain row left coverage | −$542K |
| Source asset 441 on Solana | Chain row entered coverage | +$394K |
| Source asset 441 on Avalanche | Chain row entered coverage | +$98K |
| Source asset 441 on Ethereum | Chain row entered coverage | +$95K |
| Source asset 441 on Polygon | Chain row entered coverage | +$95K |
| Source asset 441 on OP Mainnet | Chain row entered coverage | +$95K |
| Source asset 441 on Arbitrum | Chain row entered coverage | +$95K |
| Source asset 441 on Base | Chain row entered coverage | +$95K |
Issuer
−$130.7M named across 6 legal issuers
Named only where governed legal-issuer authority exists. A token without it stays issuer-unresolved; no issuer is inferred from a name.
Largest increases
- Ondo Global Markets BVI Limited+$548K
- HTMI Limited+$419K
Largest decreases
- Tether International S.A. de C.V.−$76.6M
- Paxos Trust Company N.A.−$42.5M
- Standard Custody Trust Company LLC−$12.5M
- FD121 BVI Limited−$106K
Unresolved −$805.5M
- Issuer unresolved (329 source assets)−$805.5M
Held +$57.3M
Changes that could not be compared on the same basis. Visible for reconciliation, attributed to nothing.
2 held transitions
| Held portion | Why | Change |
|---|---|---|
| Source asset 442 | Newly present at the later fixing | +$56.3M |
| Source asset 441 | Newly present at the later fixing | +$967K |
What changed
USD stablecoin supply fell by $879.0M between the 15 September 2026 and 16 September 2026 fixings, from $311.78B to $310.90B.
Named Token movement is −$1.37B across 170 tokens; the largest are USDC (−$935.4M) and USDS (−$217.6M). −$1.4M is unresolved and +$488.9M is held, and is not attributed to any token.
Named Chain movement is −$1.37B across 142 chains; the largest are Ethereum (−$748.9M) and Solana (−$358.8M). +$495.7M is held, and is not attributed to any chain.
Named legal-issuer movement is −$130.7M across 6 legal issuers; the largest are Tether International S.A. de C.V. (−$76.6M) and Paxos Trust Company N.A. (−$42.5M). −$805.5M is issuer-unresolved and +$57.3M is held, and is not attributed to any issuer.
Evidence
This page is served only after every binding below is verified against the committed files, and after the Move is replayed from the two frozen fixings and matches the stored artifact byte for byte. If any check fails, the page is withdrawn rather than shown in part.
The Move
- Move hash
3e3d196e10091828f347db4decec0c4b879447045440731514a797c5d40340bdSHA-256 of the stable contract JSON of the Move without this field.- Stored artifact SHA-256
6d1da5b18d4f8cdcdc7173eea34311db969c9b817955b82183e65a5b2d1ae355- Method
- stable-tape-structure-move-v1
- Fixing convention
- 16:00 Europe/London, both dates
From fixing: 15 September 2026
- Record hash
51094162482afc569c2c678abf733009f415692c4bcb99a9c153a884e54dabed- Core hash
f58d12e94834227e381f8088f485cc667b573d8ae9c6e21972b0ff9d7d5d236d- Publication seal
60457e02dbf87eacd500eae58b173722674a31d84886134890c0d3c50a9e9f42- Market Reading archive
a474de477855c57035789fadfabde2c90e34bff14d3feb111022cdb1c7af83ab
To fixing: 16 September 2026
- Record hash
24463e8d4bf203a5854e8af6aaf0137ebc654ca77761b9389aaef75c28f77748- Core hash
372fa0e6c3bc46a71112785011a958e0a55e7d003a477e5f4379c57c6b26e791- Publication seal
fd1be25430ffe479a248421be882e8de7b43a80b8e35e456c3ff440e60387e61
Prior Structure baseline
- Baseline hash
7e7d341cf5f575d35cc0ae166574e92f0c00e71a615448e70592afc184b1fadd- Method
- stable-tape-current-structure-baseline-v1
- Admitted at
- 2026-09-15T17:48:02.516Z
- Admission deadline
- 2026-09-16T15:00:00.000ZThe later fixing instant. Admission at or after it fails closed.
Baseline timing custody
- Timing receipt hash
79101b0188ab52cd0470a29ef322fd3ba5f084a22075aac816d0873c6416e52e- Authenticated read-back at
- 2026-09-15T17:48:05.000Z
- Workflow
- .github/workflows/bootstrap-15sep-structure-baseline.yml
- Workflow run
- 35003462582, attempt 1
- Baseline commit
006738ac62a31719d347c008c5f14de27c86b085
How to cite
Cite the dated address. It names one authenticated Move and does not change.
Stable Tape, “The Move: 15-16 September 2026”, Structure Move for the 16 September 2026 fixing (16:00 Europe/London), Move hash 3e3d196e10091828f347db4decec0c4b879447045440731514a797c5d40340bd. https://stabletape.com/move/2026-09-16
- Short reference presentation and social
Stable Tape, The Move 2026-09-15 to 2026-09-16: USD stablecoin supply −$879.0M. https://stabletape.com/move/2026-09-16
- Data note journalism and chart sources
Source: Stable Tape, The Move 2026-09-15 to 2026-09-16 (https://stabletape.com/move/2026-09-16). Structure Move method stable-tape-structure-move-v1; Move hash 3e3d196e10091828f347db4decec0c4b879447045440731514a797c5d40340bd. Derived from the frozen Daily Tape records for both fixings; values are not revised.
Permanent address https://stabletape.com/move/2026-09-16
Where this Move sits
Daily Tape Frozen fact
Structure Composition
The Move Authenticated change
Signal Scarce governed event
No public Signal is linked to this Move.