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
- −$27.3M−$27,295,933
- 21 September 2026
- $311.94B$311,935,031,465
- 22 September 2026
- $311.91B$311,907,735,532
Move hash 81b01eda6095d77aa10c8d97a8f691709138333dcaed493728fc2ecd6a841df0
The Move
| Scope | Named | Unresolved | Held | Rounding | Market change |
|---|---|---|---|---|---|
| Token | −$433.2M | +$3.6M | +$402.3M | +$1 | −$27.3M |
| Chain | −$429.8M | $0 | +$402.4M | +$45,925 | −$27.3M |
| Issuer | +$181.8M | −$611.5M | +$402.5M | +$1 | −$27.3M |
Token
−$433.2M named across 175 tokens
Largest decreases
- USDC−$565.1M
- USDS−$102.4M
- BUIDL−$17.4M
- USX−$13.5M
- DAI−$7.3M
Unresolved +$3.6M
- Source valuation unresolved (158 source assets)+$3.6M
Held +$402.3M
Changes that could not be compared on the same basis. Visible for reconciliation, attributed to nothing.
5 held transitions
| Held portion | Why | Change |
|---|---|---|
| Source asset 12 | Classification changed between fixings | +$402.5M |
| Source asset 125 | Classification changed between fixings | −$144K |
| Source asset 132 | Classification changed between fixings | −$5K |
| Source asset 426 | Classification changed between fixings | −$483 |
| Source asset 196 | Classification changed between fixings | −$344 |
Chain
−$429.8M named across 144 chains
Largest increases
- Hyperliquid L1+$177.9M
- Arbitrum+$121.4M
- Plasma+$77.5M
- XRPL+$65.8M
- Robinhood Chain+$25.8M
Unresolved $0
No unresolved class.
Held +$402.4M
Changes that could not be compared on the same basis. Visible for reconciliation, attributed to nothing.
3 held transitions
| Held portion | Why | Change |
|---|---|---|
| Source asset 12 on Waves | Chain comparison held | +$395.9M |
| Source asset 12 on Ethereum | Chain comparison held | +$6.3M |
| Source asset 12 on BSC | Chain comparison held | +$210K |
Issuer
+$181.8M 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
Largest decreases
- FD121 BVI Limited−$128K
Unresolved −$611.5M
- Issuer unresolved (330 source assets)−$611.5M
Held +$402.5M
Changes that could not be compared on the same basis. Visible for reconciliation, attributed to nothing.
1 held transition
| Held portion | Why | Change |
|---|---|---|
| Source asset 12 | Classification changed between fixings | +$402.5M |
What changed
USD stablecoin supply fell by $27.3M between the 21 September 2026 and 22 September 2026 fixings, from $311.94B to $311.91B.
Named Token movement is −$433.2M across 175 tokens; the largest are USDC (−$565.1M) and USDS (−$102.4M). +$3.6M is unresolved and +$402.3M is held, and is not attributed to any token.
Named Chain movement is −$429.8M across 144 chains; the largest are Solana (−$559.5M) and Ethereum (−$429.6M). +$402.4M is held, and is not attributed to any chain.
Named legal-issuer movement is +$181.8M across 6 legal issuers; the largest are Standard Custody Trust Company LLC (+$76.1M) and Tether International S.A. de C.V. (+$53.0M). −$611.5M is issuer-unresolved and +$402.5M 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
81b01eda6095d77aa10c8d97a8f691709138333dcaed493728fc2ecd6a841df0SHA-256 of the stable contract JSON of the Move without this field.- Stored artifact SHA-256
b76ad63c491b4594ccb243fd1bff259f6cafe9567de2bbea3e2ab75e9b735e66- Method
- stable-tape-structure-move-v1
- Fixing convention
- 16:00 Europe/London, both dates
From fixing: 21 September 2026
- Record hash
6db5677293d92ce1338f21b1917c0c993ea74c7a5157df0274bd098a10769dea- Core hash
8f1ad928e8cf7db70f8709e13846efd08befad492668b6e6ea7b7675bac987a5- Publication seal
e6e2df1da80f1d11eef160dbee3cf24ddd4c7d863deb5cfdfdd118d86f5ccfb4- Market Reading archive
c39c9ee6bcf67b1305b1d2b9d9b63b83a0130927b270daade027bbe188dda55e
To fixing: 22 September 2026
- Record hash
77b97140cf0358b7184d8018ee1561bc753659ea25954f56178bcd69b09b5451- Core hash
fb5c013b7b407ee14a19fc7257a9e01f0097479e45225eda354f0b19850475f7- Publication seal
085fed5a85c939bbd71e34072bc26f54a76323e5d05b6559bd62798ff851f74c
Prior Structure baseline
- Baseline hash
b1943d4192d0849657abd06106da5a7e622572b8587f512343f3862af7b54ab2- Method
- stable-tape-current-structure-baseline-v1
- Admitted at
- 2026-09-21T15:33:10.588Z
- Admission deadline
- 2026-09-22T15:00:00.000ZThe later fixing instant. Admission at or after it fails closed.
Baseline timing custody
- Timing receipt hash
aa4bd56af62491838f500c863cc8f809d647c0b87e3f075e4a7ec8dc66fedda0- Authenticated read-back at
- 2026-09-21T15:33:13.000Z
- Workflow
- .github/workflows/structure-move-derived-publication.yml
- Workflow run
- 35619640607, attempt 1
- Baseline commit
e75d8cc72f5cf056872554a129fbb37560723c3f
How to cite
Cite the dated address. It names one authenticated Move and does not change.
Stable Tape, “The Move: 21-22 September 2026”, Structure Move for the 22 September 2026 fixing (16:00 Europe/London), Move hash 81b01eda6095d77aa10c8d97a8f691709138333dcaed493728fc2ecd6a841df0. https://stabletape.com/move/2026-09-22
- Short reference presentation and social
Stable Tape, The Move 2026-09-21 to 2026-09-22: USD stablecoin supply −$27.3M. https://stabletape.com/move/2026-09-22
- Data note journalism and chart sources
Source: Stable Tape, The Move 2026-09-21 to 2026-09-22 (https://stabletape.com/move/2026-09-22). Structure Move method stable-tape-structure-move-v1; Move hash 81b01eda6095d77aa10c8d97a8f691709138333dcaed493728fc2ecd6a841df0. Derived from the frozen Daily Tape records for both fixings; values are not revised.
Permanent address https://stabletape.com/move/2026-09-22
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.