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Who holds stablecoins? A sample dataset

This invented dataset shows how our research format works: the question, the method, the numbers and their limits.

Research17 Oct 2026

By [Author name]. Reviewed by [Editor name]. Published 17 Oct 2026. Invented story, showing the format.

A long room lined with hand-operated printing presses
Printing presses, Bureau of Engraving and Printing.

The finding

In this invented sample, the 100 largest wallets hold 61% of one stablecoin’s supply, but exchanges control about half of those wallets. A raw count of wallets can overstate how concentrated ownership is.

Method

A real version would publish the date, the chains covered, how wallets were labeled and how the data can be checked. All of these figures are invented to show the format.

Sample figures

Invented data for illustration only.
Holder groupShare of supply
Exchange wallets31%
Other large wallets30%
All other wallets39%

Limits

Wallet labels can be wrong, and one wallet can hold assets for many people. Any real report would state those limits plainly.

Sources

[The Editor links primary sources here before publication.]

Disclosures

[AI use, holdings and commercial relationships are shown here.]

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