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
- +$1.11B+$1,114,981,675
- 25 September 2026
- $312.78B$312,778,758,895
- 26 September 2026
- $313.89B$313,893,740,570
Move hash e35f58eacbea1786092c065ab5efc016b78e7238c1b6f72e80aeb5cbde27e2c3
The Move
| Scope | Named | Unresolved | Held | Rounding | Market change |
|---|---|---|---|---|---|
| Token | +$711.4M | +$2.2M | +$401.4M | $0 | +$1.11B |
| Chain | +$712.5M | $0 | +$402.4M | +$19,069 | +$1.11B |
| Issuer | +$217.6M | +$494.9M | +$402.5M | $0 | +$1.11B |
Token
+$711.4M named across 170 tokens
Largest decreases
- USDG−$13.7M
- pUSD−$9.4M
- SBC−$5.0M
- YLDS−$3.5M
- USDon−$1.3M
Unresolved +$2.2M
- Source valuation unresolved (158 source assets)+$2.2M
Held +$401.4M
Changes that could not be compared on the same basis. Visible for reconciliation, attributed to nothing.
10 held transitions
| Held portion | Why | Change |
|---|---|---|
| Source asset 12 | Classification changed between fixings | +$402.5M |
| Source asset 218 | Classification changed between fixings | −$781K |
| Source asset 37 | Classification changed between fixings | −$256K |
| Source asset 426 | Classification changed between fixings | −$50K |
| Source asset 109 | Classification changed between fixings | −$7K |
| Source asset 132 | Classification changed between fixings | +$6K |
| Source asset 99 | Classification changed between fixings | +$3K |
| Source asset 295 | Classification changed between fixings | −$3K |
| Source asset 196 | Classification changed between fixings | −$106 |
| Source asset 288 | Classification changed between fixings | +$17 |
Chain
+$712.5M named across 140 chains
Largest decreases
- Base−$68.7M
- Arc−$47.7M
- Plasma−$22.6M
- Aptos−$15.8M
- Polygon−$8.5M
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
+$217.6M 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−$13K
Unresolved +$494.9M
- Issuer unresolved (330 source assets)+$494.9M
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 rose by $1.11B between the 25 September 2026 and 26 September 2026 fixings, from $312.78B to $313.89B.
Named Token movement is +$711.4M across 170 tokens; the largest are USDC (+$425.3M) and PYUSD (+$83.0M). +$2.2M is unresolved and +$401.4M is held, and is not attributed to any token.
Named Chain movement is +$712.5M across 140 chains; the largest are Ethereum (+$437.0M) and Solana (+$280.9M). +$402.4M is held, and is not attributed to any chain.
Named legal-issuer movement is +$217.6M across 6 legal issuers; the largest are Paxos Trust Company N.A. (+$83.0M) and Standard Custody Trust Company LLC (+$79.1M). +$494.9M 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
e35f58eacbea1786092c065ab5efc016b78e7238c1b6f72e80aeb5cbde27e2c3SHA-256 of the stable contract JSON of the Move without this field.- Stored artifact SHA-256
ce53a4501dd59008bbb30eb5ec9aedb9bb741864041ab630fd6491ce4c0b2c65- Method
- stable-tape-structure-move-v1
- Fixing convention
- 16:00 Europe/London, both dates
From fixing: 25 September 2026
- Record hash
c921b7d3617881305c4e1ef67c720a500520777d63f9afcee0ce238f2d51027c- Core hash
de98c271f365fc6151c751ed324dd94382c38ed682206114c34b387f38f311a9- Publication seal
795397aeba7fa0c0ff55fb81a4056ade42c9e76aa69b17f5748784b0cabe459f- Market Reading archive
268e8769c3dabbed12e86e5f81ea2fc3c4be106cf428c597f35140ed0c673050
To fixing: 26 September 2026
- Record hash
1bc29c5c39b5032dfaa81477483ae75cb7885c7933e0cd7d5a0e8d5dca126a7b- Core hash
4346f0dc60761631dad3c17edd81b403e122091e3f1f1b7537da57dc4a77b873- Publication seal
51f428e7863dafe90adb6589d964a506601e2f0e7cab1fdfbab64d53db44000a
Prior Structure baseline
- Baseline hash
0d4985342e722b820f09725d7227883b7c93fd8ababc04544684a560176dc00c- Method
- stable-tape-current-structure-baseline-v1
- Admitted at
- 2026-09-25T15:33:24.883Z
- Admission deadline
- 2026-09-26T15:00:00.000ZThe later fixing instant. Admission at or after it fails closed.
Baseline timing custody
- Timing receipt hash
3596c596753cba296dab222e25c00c6de2bdc9c09b0df04c02b73c85b6a42856- Authenticated read-back at
- 2026-09-25T15:33:29.000Z
- Workflow
- .github/workflows/structure-move-derived-publication.yml
- Workflow run
- 36154902782, attempt 1
- Baseline commit
6b2772614bbd4d31c9ce203bef51b1089e6460ba
How to cite
Cite the dated address. It names one authenticated Move and does not change.
Stable Tape, “The Move: 25-26 September 2026”, Structure Move for the 26 September 2026 fixing (16:00 Europe/London), Move hash e35f58eacbea1786092c065ab5efc016b78e7238c1b6f72e80aeb5cbde27e2c3. https://stabletape.com/move/2026-09-26
- Short reference presentation and social
Stable Tape, The Move 2026-09-25 to 2026-09-26: USD stablecoin supply +$1.11B. https://stabletape.com/move/2026-09-26
- Data note journalism and chart sources
Source: Stable Tape, The Move 2026-09-25 to 2026-09-26 (https://stabletape.com/move/2026-09-26). Structure Move method stable-tape-structure-move-v1; Move hash e35f58eacbea1786092c065ab5efc016b78e7238c1b6f72e80aeb5cbde27e2c3. Derived from the frozen Daily Tape records for both fixings; values are not revised.
Permanent address https://stabletape.com/move/2026-09-26
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.