wind down announced
Blast announces L2 wind-down and USDB exit process
USDB · USDB
Stablecoin state observatory
Track what stablecoins are now — and how they got there.
A source-backed registry of 144 stable assets, their organizations, material events, access conditions, lifecycle changes, and supporting evidence.
- Stablecoins
- 144 canonical stable assets
- Organizations
- 124 connected organizations
- Events
- 226 material records
- Evidence
- 651 602 source identities
- Last verified
- 2026-10-08 latest asset review date
Material changes
Recent recorded events
payment settlement launch
Binance Pay opens PayPay merchant payments in Japan with USDT and USDC support
Tether USDt · USDT
payment settlement launch
SoFiUSD goes live for Mastercard settlement
SoFiUSD · SOFID
exchange adoption context
Binance invests $100 million in Circle and renews five-year USDC partnership
USD Coin · USDC
issuance interruption
JPYC EX temporarily suspends Ethereum and Polygon issuance reservations
JPYC · JPYC
other
IZAKA-YA announces Japan-facing service termination
JPYR · JPYR
Explore stablecoins
Recently reviewed records
8 recent recordsLatest verification 2026-10-08
| Stablecoin | Lifecycle | Reference | Organization | Reviewed | Evidence / events |
|---|---|---|---|---|---|
USDBUSDB | Winding Down | US dollar | Blast | 2026-10-08 | 5 sources · 2 events |
JPYCJPYC | Active | Japanese yen | JPYC Inc. | 2026-09-20 | 9 sources · 2 events |
JPYRJPYR | Restricted | Japanese yen | JPYR Organization | 2026-09-20 | 11 sources · 4 events |
Bridge USDBUSDB | Active | US dollar | Bridge | 2026-09-09 | 5 sources · 1 event |
DLUSDDLUSD | Active | US dollar | Bridge | 2026-09-08 | 3 sources · 1 event |
Compliant NairacNGN | Active | Unknown reference target | WrappedCBDC Limited | 2026-09-04 | 4 sources · 1 event |
Decibel usDCBLusDCBL | Active | US dollar | Bridge | 2026-09-03 | 3 sources · 1 event |
Aleo USDCxUSDCx | Active | US dollar | Aleo | 2026-08-31 | 1 sources · 1 event |
Research & guides
Context behind the records
Stablecoin Regulation in 2026: Seven Jurisdictions Compared
A current-through-August comparison of the United States, European Union, United Kingdom, Japan, mainland China, Hong Kong, and Russia across issuance, distribution, payments, cross-border use, and regulatory direction.
Global · Published 2026-08-08 · Current through 2026-08-11
Registry views
Explore the archive
01Stablecoin recordsCanonical assets, lifecycle states, reference targets, backing models, and unresolved questions.02OrganizationsIssuers, operators, reserve managers, custodians, governance bodies, and related institutions.03Material eventsLaunches, restrictions, depegs, migrations, wind-downs, collapses, recoveries, and regulatory actions.04Historical timelineChronological access to the events that changed stablecoin records and their institutional context.05Access and regulationMarket access, regional distribution, regulatory treatment, and documented availability constraints.06Registry statisticsLifecycle, model, organization, event, evidence, access, and data-quality distributions.