{
  "release": "coin-fundamental-evidence-20260927-2.0",
  "cutoff_utc": "2026-09-26",
  "interpretation_rule": "Issuer rules, project activity, token locking and passive-tokenholder cash flow are separate evidence classes. Null means not independently verified, not zero.",
  "symbol": "XPL",
  "status": "usdt0_onchain_stock_verified_net_xpl_capture_unverified",
  "documented_mechanism": "Plasma offers sponsored and alternative-gas paths, so rising USDT0 supply does not imply every sender must buy XPL.",
  "operating_observation": {
    "metric": "Plasma USDT0 ERC-20 totalSupply; one token, not all stablecoins",
    "latest": {
      "target_utc": "2026-09-26T00:00:00.000Z",
      "observed_utc": "2026-09-26T00:00:00.000Z",
      "block_number": 33439864,
      "block_hash": "0x35e0c4bd64fafed9cbfc15709a121a57bb2f28f620d62dc2d255d51dc1f6923c",
      "token_contract": "0xB8CE59FC3717ada4C02eaDF9682A9e934F625ebb",
      "token_decimals": 6,
      "total_supply_raw": "872826407893583",
      "total_supply": 872826407.893583
    },
    "four_weeks_prior": {
      "target_utc": "2026-08-29T00:00:00.000Z",
      "observed_utc": "2026-08-29T00:00:00.000Z",
      "block_number": 31021038,
      "block_hash": "0x92380146236116eb5bb521304b2319aa3bf54c92f149a2df489ecf3b77518b2c",
      "token_contract": "0xB8CE59FC3717ada4C02eaDF9682A9e934F625ebb",
      "token_decimals": 6,
      "total_supply_raw": "798440304678792",
      "total_supply": 798440304.678792
    },
    "thirteen_weeks_prior": {
      "target_utc": "2026-06-27T00:00:00.000Z",
      "observed_utc": "2026-06-27T00:00:00.000Z",
      "block_number": 25578071,
      "block_hash": "0xc3921e9a8edcb6fef12a44ba038a1b21c2aa38edb145c63458f6d44962b2f2a4",
      "token_contract": "0xB8CE59FC3717ada4C02eaDF9682A9e934F625ebb",
      "token_decimals": 6,
      "total_supply_raw": "927381072829429",
      "total_supply": 927381072.829429
    }
  },
  "token_capture_observation": null,
  "missing_series": [
    "User-paid versus sponsored or paymaster XPL gas by transaction",
    "XPL burned and validator rewards",
    "Net XPL supply and circulating change against actual stablecoin transfers"
  ],
  "sources": [
    {
      "url": "https://usdt0.to/ecosystem/plasma",
      "type": "official_usdt0_contract_reference"
    },
    {
      "url": "https://rpc.plasma.to",
      "type": "plasma_chain_rpc"
    },
    {
      "url": "https://docs.plasma.to/docs/get-started/why-build-on-plasma/overview",
      "type": "issuer_gas_rules"
    }
  ]
}