Stable Tape · The Move

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
+$53.7M+$53,721,124
22 September 2026
$311.91B$311,907,735,532
23 September 2026
$311.96B$311,961,456,656

Move hash 82144ed7b622044e8f22a79ff037bbab24133719317aa627514627051430a692

Daily Tape history →

The Move

Token
Chain
Issuer
Each bar starts at zero and steps through named change, then unresolved, then held, ending at the market change marker. Each scope reconciles to the same market change of +$53,721,124. Only the named portion is attributed. Unresolved classes and held transitions are not entities.
Reconciliation of the Move by scope, in US dollars
ScopeNamedUnresolvedHeldRoundingMarket change
Token+$38.2M+$12.8M+$2.7M$0+$53.7M
Chain+$236.0M$0−$182.3M−$29,342+$53.7M
Issuer−$156.8M+$210.5M$0$0+$53.7M

Token

+$38.2M named across 177 tokens

Largest increases

  1. USDC+$490.1M
  2. USDGO+$13.1M
  3. SBC+$7.8M
  4. USDSM+$4.9M
  5. MSUSD+$3.5M

Largest decreases

  1. BUIDL−$192.4M
  2. USDT−$102.5M
  3. USYC−$76.1M
  4. RLUSD−$26.0M
  5. USDY−$24.0M

Unresolved +$12.8M

  • Source valuation unresolved (157 source assets)+$12.8M

Held +$2.7M

Changes that could not be compared on the same basis. Visible for reconciliation, attributed to nothing.

4 held transitions
Held portionWhyChange
Source asset 45Classification changed between fixings+$2.6M
Source asset 125Classification changed between fixings+$144K
Source asset 410Classification changed between fixings+$11K
Source asset 12Classification changed between fixings$0

Chain

+$236.0M named across 143 chains

Largest increases

  1. Ethereum+$289.1M
  2. Hyperliquid L1+$94.2M
  3. Solana+$69.0M
  4. Plasma+$24.1M
  5. Arbitrum+$20.7M

Largest decreases

  1. Tron−$121.7M
  2. BSC−$73.8M
  3. XRPL−$29.1M
  4. Polygon−$24.3M
  5. Mantle−$16.1M

Unresolved $0

No unresolved class.

Held −$182.3M

Changes that could not be compared on the same basis. Visible for reconciliation, attributed to nothing.

6 held transitions
Held portionWhyChange
Source asset 173 on AptosChain row left coverage−$161.6M
Source asset 262 on AptosChain row left coverage−$20.0M
Source asset 2 on DFKChain row left coverage−$671K
Source asset 12 on BSCChain comparison held$0
Source asset 12 on EthereumChain comparison held$0
Source asset 12 on WavesChain comparison held$0

Issuer

−$156.8M 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.

Unresolved +$210.5M

  • Issuer unresolved (330 source assets)+$210.5M

Held $0

Changes that could not be compared on the same basis. Visible for reconciliation, attributed to nothing.

1 held transition
Held portionWhyChange
Source asset 12Classification changed between fixings$0

What changed

USD stablecoin supply rose by $53.7M between the 22 September 2026 and 23 September 2026 fixings, from $311.91B to $311.96B.

Named Token movement is +$38.2M across 177 tokens; the largest are USDC (+$490.1M) and BUIDL (−$192.4M). +$12.8M is unresolved and +$2.7M is held, and is not attributed to any token.

Named Chain movement is +$236.0M across 143 chains; the largest are Ethereum (+$289.1M) and Tron (−$121.7M). −$182.3M is held, and is not attributed to any chain.

Named legal-issuer movement is −$156.8M across 6 legal issuers; the largest are Tether International S.A. de C.V. (−$102.5M) and Standard Custody Trust Company LLC (−$26.0M). +$210.5M is issuer-unresolved, 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
82144ed7b622044e8f22a79ff037bbab24133719317aa627514627051430a692SHA-256 of the stable contract JSON of the Move without this field.
Stored artifact SHA-256
9f39bd90063f4cda5c85e7f81df34711c7b6a04dd77b103554353635a4c7e97f
Method
stable-tape-structure-move-v1
Fixing convention
16:00 Europe/London, both dates

From fixing: 22 September 2026

Record hash
77b97140cf0358b7184d8018ee1561bc753659ea25954f56178bcd69b09b5451
Core hash
fb5c013b7b407ee14a19fc7257a9e01f0097479e45225eda354f0b19850475f7
Publication seal
085fed5a85c939bbd71e34072bc26f54a76323e5d05b6559bd62798ff851f74c
Market Reading archive
9e9890646323c53d85aab60c77dc51120de7a5072a79bfd92ddba20a0b699a33

To fixing: 23 September 2026

Record hash
1a82b21d007da6a531057825db246f9a9ffb9399f364438815e886661a0b371b
Core hash
ad882aeeea2fe67ba00615920d3044068958fe61b0afd7299af038bcc4f423b0
Publication seal
5bdd93b8eee90648a8567c36b1a9b967e4acd04cc61c281b2bc68e9bb49340ec

Prior Structure baseline

Baseline hash
8a31fb313d2e0f2e8cd63895c4f9bd4d743f37d47b07b86adea5966d0804a921
Method
stable-tape-current-structure-baseline-v1
Admitted at
2026-09-22T15:33:22.106Z
Admission deadline
2026-09-23T15:00:00.000ZThe later fixing instant. Admission at or after it fails closed.

Baseline timing custody

Timing receipt hash
efa46feee229fa198f22b67b455c1a5d28a531efae5e8c171582eb76c436e23f
Authenticated read-back at
2026-09-22T15:33:24.000Z
Workflow
.github/workflows/structure-move-derived-publication.yml
Workflow run
35748120504, attempt 1
Baseline commit
792667a74ef9c9d7082e7598931f072b80e87f95

How to cite

Cite the dated address. It names one authenticated Move and does not change.

Stable Tape, “The Move: 22-23 September 2026”, Structure Move for the 23 September 2026 fixing (16:00 Europe/London), Move hash 82144ed7b622044e8f22a79ff037bbab24133719317aa627514627051430a692. https://stabletape.com/move/2026-09-23

Short reference presentation and social
Stable Tape, The Move 2026-09-22 to 2026-09-23: USD stablecoin supply +$53.7M. https://stabletape.com/move/2026-09-23
Data note journalism and chart sources
Source: Stable Tape, The Move 2026-09-22 to 2026-09-23 (https://stabletape.com/move/2026-09-23). Structure Move method stable-tape-structure-move-v1; Move hash 82144ed7b622044e8f22a79ff037bbab24133719317aa627514627051430a692. Derived from the frozen Daily Tape records for both fixings; values are not revised.

Permanent address https://stabletape.com/move/2026-09-23