Crypto Long & Short: Inside the chain settling $150 billion of stablecoins a week
Published . Updated .
Tron launched as a content-distribution project and has become the settlement layer for a large share of the world's USDT, processing roughly $150 billion to $190 billion of stablecoin transfers a week. Josh Olszewicz of Canary Capital breaks down how the network's economics work and what stablecoin regulation could do to the thesis.
Directly affected
Indirectly affected
- IBIT iShares Bitcoin Trust
This price moves with the crypto market
- COIN Coinbase
The crypto exchange moves with trading volumes
- MSTR Strategy
This company's value is tied to its bitcoin holdings
- MARA MARA Holdings
Bitcoin miners move with the bitcoin price
- RIOT Riot Platforms
Bitcoin miners move with the bitcoin price
- HOOD Robinhood
Retail trading apps move with crypto volumes
- CRCG LEVERAGE SHARES 2X LONG CRCL DAILY ETF
GA selected CRCG as a RELATED security because its canonical security name directly matches this event's themes: long. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
- CRWG LEVERAGE SHARES 2X LONG CRWV DAILY ETF
GA selected CRWG as a RELATED security because its canonical security name directly matches this event's themes: long. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
- NVDX T REX 2X LONG NVIDIA DAILY ETF
GA selected NVDX as a RELATED security because its canonical security name directly matches this event's themes: long. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
- UVIX VS TR 2X LONG VIX FUTURES ETF
GA selected UVIX as a RELATED security because its canonical security name directly matches this event's themes: long. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
Price reaction, T-5 to T+3
Tron launched as a content-distribution project and has become the settlement layer for a large share of the world's USDT, processing roughly $150 billion to $190 billion of stablecoin transfers a week. Josh Olszewicz of Canary Capital bre…
Source: CoinDesk
Price since this story was published: Leverage Shares 2X Long Crcl Daily Etf (CRCG)
Since the first closing price after “Crypto Long & Short: Inside the chain settling $150 billion of stablecoins a week,” Leverage Shares 2X Long Crcl Daily Etf (CRCG) is -26.07%. The S&P 500 fund (SPY) is -0.09% over the same days, a -25.98% difference versus the market.
Who gains and who loses around Leverage Shares 2X Long Crcl Daily Etf (CRCG)
Companies mentioned with this story
- CRCG Leverage Shares 2X Long Crcl Daily Etf
For “Crypto Long & Short: Inside the chain settling $150 billion of stablecoins a week,” Leverage Shares 2X Long Crcl Daily Etf (CRCG) is linked, with no stored direction, medium confidence. Reason on file: GA selected CRCG as a RELATED security because its canonical security name directly matches this event's themes: long. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- CRWG Leverage Shares 2X Long Crwv Daily Etf
In “Crypto Long & Short: Inside the chain settling $150 billion of stablecoins a week,” Leverage Shares 2X Long Crwv Daily Etf (CRWG) is linked, with no stored direction, medium confidence. Reason on file: GA selected CRWG as a RELATED security because its canonical security name directly matches this event's themes: long. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- NVDX T Rex 2X Long Nvidia Daily Etf
For “Crypto Long & Short: Inside the chain settling $150 billion of stablecoins a week,” T Rex 2X Long Nvidia Daily Etf (NVDX) is linked, with no stored direction, medium confidence. Reason on file: GA selected NVDX as a RELATED security because its canonical security name directly matches this event's themes: long. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- UVIX VS Trust
For “Crypto Long & Short: Inside the chain settling $150 billion of stablecoins a week,” VS Trust (UVIX) is linked, with no stored direction, medium confidence. Reason on file: GA selected UVIX as a RELATED security because its canonical security name directly matches this event's themes: long. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- UVXY ProShares Trust II
ProShares Trust II (UVXY) is linked, with no stored direction, medium confidence in the 23 Sep 2026 story “Crypto Long & Short: Inside the chain settling $150 billion of stablecoins a week.” Reason on file: GA selected UVXY as a RELATED security because its canonical security name directly matches this event's themes: short. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- BGX Blackstone Long-Short Credit Income Fund
In “Crypto Long & Short: Inside the chain settling $150 billion of stablecoins a week,” Blackstone Long-Short Credit Income Fund (BGX) is linked, with no stored direction, medium confidence. Reason on file: GA selected BGX as a RELATED security because its canonical security name directly matches this event's themes: short, long. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
Leverage Shares 2X Long Crcl Daily Etf (CRCG)
Leverage Shares 2X Long Crcl Daily Etf (CRCG) is the company in “Crypto Long & Short: Inside the chain settling $150 billion of stablecoins a week,” the 23 Sep 2026 this story story.
For Leverage Shares 2X Long Crcl Daily Etf (CRCG), the reason on file says GA selected CRCG as a RELATED security because its canonical security name directly matches this event's themes: long. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
A second company, Leverage Shares 2X Long Crwv Daily Etf (CRWG), is listed for a different reason: GA selected CRWG as a RELATED security because its canonical security name directly matches this event's themes: long. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
Dates and price levels for Leverage Shares 2X Long Crcl Daily Etf (CRCG)
CRCG traded between 9.88 and 16.77 across 20 sessions. The latest close on file is 11.26. CRWG traded between 7.83 and 20.60 across 20 sessions. The latest close on file is 8.47. NVDX traded between 17.81 and 23.41 across 20 sessions. The latest close on file is 18.48.
What the saved facts support for Leverage Shares 2X Long Crcl Daily Etf (CRCG)
46 out of 100
“Crypto Long & Short: Inside the chain settling $150 billion of stablecoins a week” scores 46 out of 100. The score uses 1 sources, and 6 linked companies.