Stablecoin

Stablecoin | October 6, 2026

OUSD’s first week on-chain: $666M staged across the issuer and partner network

Where Open USD's first $717M went: placed with partners, held at Coinbase, and slowly started trading. A wallet-level read of OUSD's first week.

Investigations | September 18, 2026

Inside the $61.2M USDT forfeiture tied to Iranian oil sales

A $61.2M forfeiture claims addresses that moved $2.72B. Here's what the on-chain data shows, and why the private keys are still live..

Stablecoin | September 10, 2026

What tokenized real-world assets actually look like on-chain

We read the holder data behind $18B in tokenized real-world assets to see who actually holds them - and it isn't retail.

Stablecoin | August 13, 2026

Where stablecoins keep time

Crystal Foresight maps where the ten largest stablecoins' users keep their clocks, from DAI's single time zone to USDC's global spread.

Stablecoin | August 4, 2026

What stablecoin market intelligence really tells us

Crystal Foresight's Hannah Curtis explains why stablecoin transaction volumes alone do not prove adoption.

Stablecoin | July 30, 2026

One wallet now holds 94.5% of A7A5’s supply

A7A5 lost its exchange and drew fresh sanctions in April. On-chain, supply didn't scatter: 94.5% now sits in one wallet, still earning yield

Stablecoin | July 23, 2026

The yield you’re sold, and the yield you get

Fintechs advertise 7-15% stablecoin yield. On-chain data shows realized rates of 1-4%. See what Crystal Foresight found across $1.75B in vaults.

Stablecoin | July 16, 2026

What drove the stablecoin supply down

Crystal Foresight traces the $11.5B stablecoin supply decline through mid-July 2026: which coins shrank, which grew, and the reasons behind each move.

Stablecoin | July 1, 2026

Who actually trades stablecoins on a DEX

On-chain analysis of 18 months of stablecoin DEX trading shows automated systems run 65% of volume - and why that changes how you read the market.

Stablecoin | June 25, 2026

Stablecoins exceeded $300B. Who grew and who shrank in Q2?

Q2 2026 stablecoin data: USDG led on exchange rewards, USDe reversed on yield compression, and RLUSD built the healthiest genuine-use profile.

Stablecoin | June 16, 2026

Same euro, different jobs: what seven stablecoins are for

Euro stablecoins are growing fast - but the same peg hides very different on-chain jobs. Crystal Foresight tracks seven tokens by what they do.

Stablecoin | June 11, 2026

Crypto savings tokens paid $545M, retail took under 1%

sUSDe and sUSDS have generated about $545M in combined returns. Crystal Intelligence traces who holds both tokens and who collected the yields.

Stablecoin | June 3, 2026

The third-largest stablecoin almost never leaves its own system

USDS ranks third by stablecoin supply. Crystal Foresight maps the backing, the transfer volume, and who actually holds the savings vault.

Stablecoin | May 27, 2026

What on-chain data shows about tokenized T-bills

On-chain analysis of BUIDL and PT-USDG reveals concentrated holdings, chain preferences, and opposite architectures.

Stablecoin | May 20, 2026

Rebuilt in public: how the financial system looks today

Map of the parallel financial system being built on public blockchains - from lending markets and repo auctions to institutional loan books.