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September 2026 Stablecoin Blacklist Report โ€” 640 Addresses Banned, $187.9M Frozen

Monthly report: 640 addresses banned (+103% vs previous month), $187.9M frozen across TRON and Ethereum.

reportmonthlyusdtusdcblacklistseptember2026

September 2026 Stablecoin Blacklist Report

In September 2026, stablecoin issuers banned 640 addresses across TRON and Ethereum networks, freezing a total of $187.9M in USDT and USDC. This represents a +103% change compared to the previous month (316 bans).

Key Numbers

MetricTRONEthereumTotal
Addresses Banned535105640
Addresses Unbanned527
Funds Destroyed41748
Volume Frozen$162.7M$25.2M$187.9M

Issuance and Redemption

Against this backdrop, issuers minted $21.0B across 94266 issuance events and redeemed $18.8B across 37494 events โ€” a net supply change of +$2.3B. Frozen funds amounted to 0.89% of what was issued this month.

Top 5 Largest Freezes

#AddressNetworkTokenAmountDate
10xf13a266d9899ef08e9b1baf972f8a7b7c5317869ETHUSDT7,506,707.42Sep 11
2TEPGTa5UQQfPuCmJJ7vKTrGx9yreA2AwmQTRONUSDT994,257.31Sep 3
30x1e2ca9c2b20483e70c1a63fc6a7f206c61feb675ETHUSDT897,750Sep 10
40xe07bd590e1198666230932bad5db3dbbe21e7d57ETHUSDC99,989.91Sep 25
5TAQM43owNJLZz3vh3PXxBu2qTWf2McMQwJTRONUSDT99,874.12Sep 27

Network Breakdown

TRON continues to lead in ban volume with 535 bans and $162.7M frozen. Ethereum saw 105 bans with $25.2M frozen.

Unbans

7 addresses were removed from blacklists this month (5 on TRON, 2 on Ethereum).

Lost Funds

525 transfers totaling $6.2M were sent to banned wallets during September. These funds are permanently frozen and unrecoverable.

View all lost funds โ†’

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