All issuers

Stablecoin & AML Weekly (2026-08-11 – 2026-08-17)

This week RLUSD moved +$130.36M (+17.7%), mostly on Ethereum. 3 issuers are covered in full below; the change for the remaining 6 is listed one line each.

This week's movers

+17.7%
+$130.36M ・End 866.74M
−3.3%
−S$670.81K ・End 19.61M
+1.9%
+€8.4M ・End 459.68M

Up to three issuers outside the majors with the largest move against the start of the period. Figures match the tables below; the ranking uses percentage change rather than absolute size (currency groups are mixed).

Automatically compiled by ChainAnalyzer from public on-chain data. All figures are deterministic aggregates; no estimates or predictions are included.

Period: 2026-08-11 – 2026-08-17

RLUSD

#

End-of-period composition

  • Ethereum 100.0%
  • Base 0.0%
  • Optimism 0.0%

Change by chain

  • Ethereum +$130.36M
  • Base $0
  • Optimism $0

Supply by chain

ChainStartEndChangeShare (Δ)
Ethereum$736.39M$866.74M+$130.36M100.0% (+0.0pt)
Base$254.28$254.28$00.0% (−0.0pt)
Optimism$143.17$143.17$00.0% (−0.0pt)
Total$736.39M$866.74M+$130.36M

Basis: circulating supply

Mint / burn

Mint / burn (period total)

  • Mint $149.5M ・10 events
  • Burn $19.14M ・8 events

Net +$130.36M

  • Mint: 10 events / $149.5M
  • Burn: 8 events / $19.14M
  • Net: +$130.36M
  • Largest event: Mint $60M (Ethereum, 2026-08-14, tx 0x71e34d…a5c6df)

Administrative eventsNo administrative events (freeze / pause / role change) in this period.

XSGD

#

End-of-period composition

  • Ethereum 53.7%
  • Base 28.7%
  • Polygon 9.3%
  • Avalanche 8.2%
  • Arbitrum 0.1%

Change by chain

  • Ethereum −S$2.1K
  • Base −S$300K
  • Polygon −S$169.7K
  • Avalanche −S$200K
  • Arbitrum +S$998.99

Supply by chain

ChainStartEndChangeShare (Δ)
EthereumS$10.52MS$10.52M−S$2.1K53.7% (+1.8pt)
BaseS$5.93MS$5.63M−S$300K28.7% (−0.5pt)
PolygonS$2MS$1.83M−S$169.7K9.3% (−0.5pt)
AvalancheS$1.81MS$1.61M−S$200K8.2% (−0.7pt)
ArbitrumS$20.67KS$21.67K+S$998.990.1% (+0.0pt)
TotalS$20.28MS$19.61M−S$670.81K

Basis: circulating supply

Mint / burn

Mint / burn (period total)

  • Mint S$30.3K ・1 events
  • Burn S$400K ・2 events

Net −S$369.7K

  • Mint: 1 events / S$30.3K
  • Burn: 2 events / S$400K
  • Net: −S$369.7K
  • Largest event: Burn S$200K (Avalanche, 2026-08-15, tx 0xe985a0…542421)

Administrative eventsNo administrative events (freeze / pause / role change) in this period.

EURC

#

End-of-period composition

  • Ethereum 65.2%
  • Solana 22.8%
  • Base 10.9%
  • Avalanche 1.0%

Change by chain

  • Ethereum +€7.76M
  • Solana −€0.52
  • Base +€955.99K
  • Avalanche −€314.18K

Supply by chain

ChainStartEndChangeShare (Δ)
Ethereum€292.09M€299.85M+€7.76M65.2% (+0.5pt)
Solana€105.02M€105.02M−€0.5222.8% (−0.4pt)
Base€49.23M€50.18M+€955.99K10.9% (+0.0pt)
Avalanche€4.95M€4.63M−€314.18K1.0% (−0.1pt)
Total€451.29M€459.68M+€8.4M

Basis: circulating supply

Mint / burn

Mint / burn (period total)

  • Mint €41.03M ・170 events
  • Burn €33.83M ・109 events

Net +€7.2M

  • Mint: 170 events / €41.03M
  • Burn: 109 events / €33.83M
  • Net: +€7.2M
  • Largest event: Burn €5M (Ethereum, 2026-08-11, tx 0xadcaf9…daf0eb)

Administrative eventsNo administrative events (freeze / pause / role change) in this period.

Change for the remaining 6 issuers

Open the full sections for these 6 issuers

USDG

#

Change by chain

  • Ethereum −$5.96M

Supply by chain

ChainStartEndChangeShare (Δ)
Ethereum$433.25M$427.29M−$5.96M100.0% (+0.0pt)
Total$433.25M$427.29M−$5.96M

Basis: circulating supply

Mint / burn

Mint / burn (period total)

  • Mint $73.46M ・425 events
  • Burn $64.49M ・381 events

Net +$8.97M

  • Mint: 425 events / $73.46M
  • Burn: 381 events / $64.49M
  • Net: +$8.97M
  • Largest event: Mint $22M (Ethereum, 2026-08-11, tx 0xd6d2ce…3d15ba)

Administrative eventsNo administrative events (freeze / pause / role change) in this period.

Observations

  • Ethereum declined 4 days straight (−$5.46M).
  • Total: 4 straight days of net decline (−$5.46M).

JPYC

#

End-of-period composition

  • Kaia 69.9%
  • Polygon 21.9%
  • Ethereum 5.1%
  • Avalanche 3.2%

Change by chain

  • Kaia +¥39.12M
  • Polygon +¥15.19M
  • Ethereum −¥17.05M
  • Avalanche +¥504.42K

Supply by chain

ChainStartEndChangeShare (Δ)
Kaia¥1.92B¥1.96B+¥39.12M69.9% (+0.5pt)
Polygon¥598.28M¥613.47M+¥15.19M21.9% (+0.3pt)
Ethereum¥160M¥142.94M−¥17.05M5.1% (−0.7pt)
Avalanche¥88.25M¥88.75M+¥504.42K3.2% (−0.0pt)
Total¥2.77B¥2.8B+¥37.77M

Basis: circulating supply

Mint / burnNo mint / burn events in this period.

Administrative eventsNo administrative events (freeze / pause / role change) in this period.

Verified holders

Verified supply 71,025 addresses in total
  • Polygon 40,299
  • Avalanche 23,422
  • Kaia 5,303
  • Ethereum 2,001
ChainVerified holders
Polygon40,299
Avalanche23,422
Kaia5,303
Ethereum2,001

Only chains whose full-history ledger satisfies the supply invariant (Σ ledger balances = totalSupply) are listed.

🔎 On-chain insights

On 2026-08-17, a single address sent 10 JPYC each to 63 addresses within 2.7 days (Kaia; 33% of the latest 205 transfers sampled, covering 2026-08-14 – 2026-08-17). Uniform-amount distributions of this shape are the signature of a campaign or airdrop, not of organic transfers.

*Basis: verified holder ledger, daily snapshots, and direct on-chain measurement.*

Observations

  • Ethereum declined 10 days straight (−¥21.61M). Meanwhile Kaia rose 8 days straight to a 90d high (¥1.96B).

USDC

#

End-of-period composition

  • Ethereum 85.1%
  • Solana 13.2%
  • Polygon 1.1%
  • Avalanche 0.7%

Change by chain

  • Ethereum −$82.95M
  • Solana −$440.74M
  • Polygon −$380.81K
  • Avalanche −$9.41M

Supply by chain

ChainStartEndChangeShare (Δ)
Ethereum$49.65B$49.57B−$82.95M85.1% (+0.6pt)
Solana$8.12B$7.68B−$440.74M13.2% (−0.6pt)
Polygon$612.43M$612.05M−$380.81K1.1% (+0.0pt)
Avalanche$397.68M$388.28M−$9.41M0.7% (−0.0pt)
Total$58.78B$58.25B−$533.47M

Basis: circulating supply

Mint / burn

Mint / burn (period total)

  • Mint $251.96M ・2748 events
  • Burn $262.02M ・2463 events

Net −$10.06M

  • Mint: 2748 events / $251.96M
  • Burn: 2463 events / $262.02M
  • Net: −$10.06M
  • Largest event: Mint $15M (Avalanche, 2026-08-12, tx 0x909180…3057c9)

Administrative eventsNo administrative events (freeze / pause / role change) in this period.

🔎 On-chain insights

On Avalanche the top-10 address share rose from 52.5% to 54.2% (+1.7pt) between 2026-08-10 and 2026-08-17. Gini moved 0.738 → 0.741. Concentration tightened over the week.

*Basis: verified holder ledger, daily snapshots, and direct on-chain measurement.*

Observations

  • Ethereum declined 3 days straight (−$97.37M).
  • Total: 3 straight days of net decline (−$149.91M).

PYUSD

#

End-of-period composition

  • Ethereum 67.4%
  • Solana 24.6%
  • Arbitrum 8.0%

Change by chain

  • Ethereum −$1.3M
  • Solana −$11.44M
  • Arbitrum +$662.26K

Supply by chain

ChainStartEndChangeShare (Δ)
Ethereum$1.86B$1.86B−$1.3M67.4% (+0.2pt)
Solana$689.75M$678.31M−$11.44M24.6% (−0.3pt)
Arbitrum$221.32M$221.98M+$662.26K8.0% (+0.1pt)
Total$2.77B$2.76B−$12.08M

Basis: circulating supply

Mint / burn

Mint / burn (period total)

  • Mint $106.69M ・337 events
  • Burn $107.99M ・145 events

Net −$1.31M

  • Mint: 337 events / $106.69M
  • Burn: 145 events / $107.99M
  • Net: −$1.31M
  • Largest event: Burn $23.01M (Ethereum, 2026-08-14, tx 0x275726…d8d1d5)

Administrative eventsNo administrative events (freeze / pause / role change) in this period.

JPYSC

#

Change by chain

  • Ethereum −¥27.58M

Supply by chain

ChainStartEndChangeShare (Δ)
Ethereum¥20.07B¥20.04B−¥27.58M100.0% (+0.0pt)
Total¥20.07B¥20.04B−¥27.58M

Basis: total supply (trust-type issuer)

Mint / burn

Mint / burn (period total)

  • Mint ¥530.73M ・2 events
  • Burn ¥558.3M ・1 events

Net −¥27.58M

  • Mint: 2 events / ¥530.73M
  • Burn: 1 events / ¥558.3M
  • Net: −¥27.58M
  • Largest event: Burn ¥558.3M (Ethereum, 2026-08-14, tx 0x0bd30d…0b94db)

Administrative eventsNo administrative events (freeze / pause / role change) in this period.

Verified holders

Verified supply 2 addresses in total
  • Ethereum 2
ChainVerified holders
Ethereum2

Only chains whose full-history ledger satisfies the supply invariant (Σ ledger balances = totalSupply) are listed.

USDT.e

#

End-of-period composition

  • TRON 49.7%
  • Ethereum 47.7%
  • Solana 2.1%
  • Polygon 0.5%
  • Avalanche 0.0%

Change by chain

  • TRON Measurement started
  • Ethereum +$219.09M
  • Solana −$89.43
  • Polygon +$8.66M
  • Avalanche $0

Note: measurement of TRON began during this period. It is excluded from change and share-shift figures (period-end balance only) — the ledger cannot distinguish newly observed supply from newly issued supply.

Supply by chain

ChainStartEndChangeShare (Δ)
TRON$90.63B49.7% (—)
Ethereum$86.79B$87.01B+$219.09M47.7% (—)
Solana$3.84B$3.84B−$89.432.1% (—)
Polygon$823.3M$831.96M+$8.66M0.5% (—)
Avalanche$18.32M$18.32M$00.0% (—)
Total$91.47B$182.33B+$227.75M

Basis: circulating supply

Note: measurement of TRON began during this period. It is excluded from change and share-shift figures (period-end balance only) — the ledger cannot distinguish newly observed supply from newly issued supply.

Mint / burn

Mint / burn (period total)

  • Mint $50.71M ・415 events
  • Burn $41.11M ・1804 events

Net +$9.61M

  • Mint: 415 events / $50.71M
  • Burn: 1804 events / $41.11M
  • Net: +$9.61M
  • Largest event: Mint $2M (Polygon, 2026-08-11, tx 0xb9871f…74f132)

Administrative eventsNo administrative events (freeze / pause / role change) in this period.

Editor's note

#

This week’s ledger shows a mixed picture across issuers: JPYC and RLUSD expanded, EURC also moved higher, while USDC, PYUSD, XSGD, and USDG ended lower over the period. JPYSC was nearly flat on net despite sizable mint and burn activity, and USDT.e’s period view should be read with care because TRON measurement began during the week. Administrative activity remained absent throughout, while the notable behavioral signals came from distribution patterns on Kaia for JPYC and tighter concentration on Avalanche for USDC.

Source: public on-chain data (issuer contracts). This report is informational and is not investment advice.

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