The FTX bankruptcy estate is set to distribute $1.6 billion in stablecoins to its creditors, marking the third significant payout since the exchange's collapse in November 2022.

This distribution, scheduled for September 30, represents a substantial injection of liquidity into the cryptocurrency market. The funds for this payout originate from over $15 billion in recovered assets, which include cash reserves, clawbacks, and proceeds from the sale of assets, including large holdings of tokens like Solana and SUI.

This event is part of an ongoing process to reimburse users affected by the exchange's failure. Previous distributions have already returned over $6 billion to creditors, who can receive their funds through providers such as Bitgo, Kraken, or Payoneer.