More than half of the $5 billion swept during an October 2026 hack of Binance consisted of stablecoins, primarily Tether and USD Coin

Tokens pegged to stable value, usually the US dollar, spanning issuers and reserves, depegs, and adoption by banks and payment networks.

Thefts and exploits that drain funds from exchanges, protocols and bridges, with their post-mortems, laundering routes and recoveries.

Supply, adoption, and competitive dynamics of fiat-pegged tokens, tracking issuers like Tether and Circle and the payment and trading flows they power.