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.
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
| Metric | TRON | Ethereum | Total |
|---|---|---|---|
| Addresses Banned | 535 | 105 | 640 |
| Addresses Unbanned | 5 | 2 | 7 |
| Funds Destroyed | 41 | 7 | 48 |
| 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
| # | Address | Network | Token | Amount | Date |
|---|---|---|---|---|---|
| 1 | 0xf13a266d9899ef08e9b1baf972f8a7b7c5317869 | ETH | USDT | 7,506,707.42 | Sep 11 |
| 2 | TEPGTa5UQQfPuCmJJ7vKTrGx9yreA2AwmQ | TRON | USDT | 994,257.31 | Sep 3 |
| 3 | 0x1e2ca9c2b20483e70c1a63fc6a7f206c61feb675 | ETH | USDT | 897,750 | Sep 10 |
| 4 | 0xe07bd590e1198666230932bad5db3dbbe21e7d57 | ETH | USDC | 99,989.91 | Sep 25 |
| 5 | TAQM43owNJLZz3vh3PXxBu2qTWf2McMQwJ | TRON | USDT | 99,874.12 | Sep 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.
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