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
- −$75.9M−$75,919,041
- 28 September 2026
- $313.04B$313,035,724,784
- 29 September 2026
- $312.96B$312,959,805,743
Move hash 390fd2053a01862fadda5efda28a407828d273826ea65e5985bcbcd9fd01ac84
The Move
| Scope | Named | Unresolved | Held | Rounding | Market change |
|---|---|---|---|---|---|
| Token | −$480.6M | +$15.6M | +$389.1M | $0 | −$75.9M |
| Chain | −$478.3M | $0 | +$402.4M | −$8,035 | −$75.9M |
| Issuer | +$103.5M | −$581.8M | +$402.4M | $0 | −$75.9M |
Token
−$480.6M named across 168 tokens
Largest decreases
- USDC−$378.0M
- USDGO−$219.0M
- PYUSD−$42.1M
- BUIDL−$27.6M
- USDS−$21.0M
Unresolved +$15.6M
- Source valuation unresolved (163 source assets)+$15.6M
Held +$389.1M
Changes that could not be compared on the same basis. Visible for reconciliation, attributed to nothing.
7 held transitions
| Held portion | Why | Change |
|---|---|---|
| Unnamed token | Not comparable between these fixings | +$402.4M |
| Unnamed token | Classification changed between fixings | −$13.4M |
| Unnamed token | Classification changed between fixings | +$260K |
| Unnamed token | Classification changed between fixings | −$137K |
| Unnamed token | Classification changed between fixings | +$3K |
| Unnamed token | Classification changed between fixings | −$2K |
| Unnamed token | Classification changed between fixings | −$14 |
Chain
−$478.3M named across 140 chains
Largest increases
- Arbitrum+$93.3M
- Ethereum+$60.5M
- Base+$54.9M
- Robinhood Chain+$31.6M
- BSC+$29.4M
Largest decreases
- Solana−$508.6M
- Hyperliquid L1−$99.6M
- Tempo−$52.2M
- Tron−$41.0M
- Plasma−$27.6M
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 |
|---|---|---|
| Unnamed token on Waves | Not comparable between these fixings | +$395.9M |
| Unnamed token on Ethereum | Not comparable between these fixings | +$6.3M |
| Unnamed token on BSC | Not comparable between these fixings | +$210K |
Issuer
+$103.5M 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
- Paxos Trust Company N.A.−$44.0M
Unresolved −$581.8M
- Issuer unresolved (330 source assets)−$581.8M
Held +$402.4M
Changes that could not be compared on the same basis. Visible for reconciliation, attributed to nothing.
1 held transition
| Held portion | Why | Change |
|---|---|---|
| Unnamed token | Not comparable between these fixings | +$402.4M |
What changed
USD stablecoin supply fell by $75.9M between the 28 September 2026 and 29 September 2026 fixings, from $313.04B to $312.96B.
Named Token movement is −$480.6M across 168 tokens; the largest are USDC (−$378.0M) and USDGO (−$219.0M). +$15.6M is unresolved and +$389.1M is held, and is not attributed to any token.
Named Chain movement is −$478.3M across 140 chains; the largest are Solana (−$508.6M) and Hyperliquid L1 (−$99.6M). +$402.4M is held, and is not attributed to any chain.
Named legal-issuer movement is +$103.5M across 6 legal issuers; the largest are Tether International S.A. de C.V. (+$115.8M) and Paxos Trust Company N.A. (−$44.0M). −$581.8M is issuer-unresolved and +$402.4M 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
390fd2053a01862fadda5efda28a407828d273826ea65e5985bcbcd9fd01ac84SHA-256 of the stable contract JSON of the Move without this field.- Stored artifact SHA-256
de9a8de12e58f492087b2ece40cd704360e4107e6e76c89445744685ec5289d5- Method
- stable-tape-structure-move-v1
- Fixing convention
- 16:00 Europe/London, both dates
From fixing: 28 September 2026
- Record hash
0a5dbe8248049c7448b91712069d5ac53264b3fd69bca4ed812c7409e6ea8c51- Core hash
5fa9b60a713e6cd0822c6f9e8eb8983d48a8dc859ad2471ab2f7aed5dbedd7d0- Publication seal
e94efb797b9a54a9b81b58dfccf7110381161ca2c1ee3e5d197d42bab59b7430- Market Reading archive
bbb13879c7864b5af7b570f6139bc9607f14a6beb5dbecfab264c70f087536bd
To fixing: 29 September 2026
- Record hash
c35cf8eeaa02f5e04151b625a817e13fa17a97a57cded71f34b3f03d6318dd01- Core hash
639380acc7312db9de37e62bbaf6085fe13626f47905bbc0429e651e68842318- Publication seal
aeac7d4f1b0e6001d79fd82a24a800d19a9d1bfd72560da638fc17efeff7132f
Prior Structure baseline
- Baseline hash
0976255ef774169688522fcb215234160e065f3ac8606d7d43077019e3987877- Method
- stable-tape-current-structure-baseline-v1
- Admitted at
- 2026-09-28T15:34:47.840Z
- Admission deadline
- 2026-09-29T15:00:00.000ZThe later fixing instant. Admission at or after it fails closed.
Baseline timing custody
- Timing receipt hash
411b5be28578ec833ef152cb625dc36e16e9043f89d8794f90d3f4267e46e8d2- Authenticated read-back at
- 2026-09-28T15:34:50.000Z
- Workflow
- .github/workflows/structure-move-derived-publication.yml
- Workflow run
- 36444583680, attempt 1
- Baseline commit
0fd4ef18f27d9cc175815430bef2f5aed314f3a5
How to cite
Cite the dated address. It names one authenticated Move and does not change.
Stable Tape, “The Move: 28-29 September 2026”, Structure Move for the 29 September 2026 fixing (16:00 Europe/London), Move hash 390fd2053a01862fadda5efda28a407828d273826ea65e5985bcbcd9fd01ac84. https://stabletape.com/move/2026-09-29
- Short reference presentation and social
Stable Tape, The Move 2026-09-28 to 2026-09-29: USD stablecoin supply −$75.9M. https://stabletape.com/move/2026-09-29
- Data note journalism and chart sources
Source: Stable Tape, The Move 2026-09-28 to 2026-09-29 (https://stabletape.com/move/2026-09-29). Structure Move method stable-tape-structure-move-v1; Move hash 390fd2053a01862fadda5efda28a407828d273826ea65e5985bcbcd9fd01ac84. Derived from the frozen Daily Tape records for both fixings; values are not revised.
Permanent address https://stabletape.com/move/2026-09-29
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.