Stable Tape benchmark

Digital Dollar Dominance

USD stablecoin supply as a percentage of U.S. M2.

Frozen48 frozen daily recordsContinuous daily series: 23 June 2026–present

Frozen record

1in75of U.S. M2

1.3292%

−$339M net supply movement on this record

Continuous Digital Dollar Dominance daily series23 June 2026 to 8 August 2026. Active Detail scale: 1.31 to 1.39 per cent of U.S. M2, derived from the displayed records. Use Left and Right Arrow keys, Home, and End to inspect frozen records.1.31%1.32%1.33%1.34%1.35%1.36%1.37%1.38%1.39%M2 steps to May 2026M2 steps to June 202623 Jun8 Aug Continuous Digital Dollar Dominance daily series23 June 2026 to 8 August 2026. Active Detail scale: 1.31 to 1.39 per cent of U.S. M2, derived from the displayed records. Use Left and Right Arrow keys, Home, and End to inspect frozen records.1.31%1.32%1.33%1.34%1.35%1.36%1.37%1.38%1.39%23 Jun8 Aug

Detail uses an evidence-derived 1.31%–1.39% domain to reveal daily movement. Full context places the same records on a zero-based 0%–2% scale of U.S. M2. The records and selected reading do not change.

Stored M2 changes are marked only on records where the denominator changes. No daily M2 value is interpolated.

Selected frozen record

Supply ÷ M2 = DDD

USD stablecoin supply DeFiLlama
$307,769,862,719
U.S. M2 FRED M2SL · June 2026
$23,155,200,000,000
Digital Dollar Dominance 1 in 75 U.S. dollars
1.329161%

M2 is monthly. It changes here only when a frozen record stores a new denominator; the chart never interpolates a daily M2 value.

Source ledger

Record provenance

Each frozen record carries its source and integrity information.
Record date
Freeze cutoff
12:00Z
Source snapshot
Stablecoin source
defillama
M2 source
FRED:M2SL
M2 reference period
June 2026
Schema
8
Movement method
snapshot-diff-v2
sha256 a7e36048…a5cd3db1
Full hasha7e3604898cb06375ab0173cd5803d2ab792db22b5e79c930cd3b615a5cd3db1
Open dated record

Structure

Beneath the numerator

On 8 August 2026, the two largest issuers account for 82.9% of frozen USD stablecoin supply.

Issuer shares

Named movement is not supported for this record.

  1. 01Tether$183,038,654,38059.47%Withheld
  2. 02Circle$72,246,092,20023.47%Withheld
  3. 03Sky$6,726,412,9062.19%Withheld
  4. 04MakerDAO$4,797,856,8751.56%Withheld
  5. —Other$40,960,846,35813.31%Withheld

Chain shares

Named chain movement is withheld by the frozen attribution checks.

  1. 01Ethereum$148,695,981,10248.31%Withheld
  2. 02Tron$91,330,899,00129.68%Withheld
  3. 03BSC$17,911,212,3715.82%Withheld
  4. 04Solana$16,192,925,4435.26%Withheld
  5. —Other$33,638,844,80210.93%Withheld

Shares are frozen stock levels, not flows. “Other” retains every row below the displayed leaders. The chain and issuer totals reconcile within the stored tolerance.

Inspect IssuersInspect Chains

Archive

Recent frozen records

Six permanent entries from the continuous daily series. No forecast, pace, or backfill.

DateDDDExpressionMovementStatusLink
1.3292%1 in 75−$339MFrozenRecord
1.3306%1 in 75−$45MFrozenRecord
1.3308%1 in 75+$115MFrozenRecord
1.3303%1 in 75+$856MFrozenRecord
1.3266%1 in 75+$394MFrozenRecord
1.3249%1 in 75−$380MFrozenRecord

Signal

Stablecoin supply contracted $339M to $307.8B.Frozen 8 August 2026 assessment · Net move · v5 · v5-t6
How it was selected

Inspect and cite

Stable Tape, “Digital Dollar Dominance,” 8 August 2026 frozen record: 1.3292% of U.S. M2 (1 in 75 U.S. dollars). USD stablecoin supply $307,769,862,719; U.S. M2 $23,155,200,000,000 (June 2026). sha256 a7e3604898cb06375ab0173cd5803d2ab792db22b5e79c930cd3b615a5cd3db1. https://stabletape.com/tape/2026-08-08

View the continuous daily series as a precision table
DateStatusDDDExpressionSupplyM2M2 period
23 June 2026Frozen1.3775%1 in 73$314,123,331,416$22,804,500,000,000April 2026
24 June 2026Frozen1.3608%1 in 73$313,685,898,296$23,052,300,000,000May 2026
25 June 2026Frozen1.3585%1 in 74$313,159,803,251$23,052,300,000,000May 2026
26 June 2026Frozen1.3536%1 in 74$312,041,127,093$23,052,300,000,000May 2026
27 June 2026Frozen1.3563%1 in 74$312,665,730,560$23,052,300,000,000May 2026
28 June 2026Frozen1.3563%1 in 74$312,665,494,105$23,052,300,000,000May 2026
29 June 2026Frozen1.3554%1 in 74$312,461,517,956$23,052,300,000,000May 2026
30 June 2026Frozen1.3525%1 in 74$311,791,594,266$23,052,300,000,000May 2026
1 July 2026Frozen1.3493%1 in 74$311,045,054,264$23,052,300,000,000May 2026
2 July 2026Frozen1.3467%1 in 74$310,453,395,125$23,052,300,000,000May 2026
3 July 2026Frozen1.3458%1 in 74$310,248,725,768$23,052,300,000,000May 2026
4 July 2026Frozen1.3460%1 in 74$310,286,467,132$23,052,300,000,000May 2026
5 July 2026Frozen1.3461%1 in 74$310,312,965,709$23,052,300,000,000May 2026
6 July 2026Frozen1.3464%1 in 74$310,376,190,577$23,052,300,000,000May 2026
7 July 2026Frozen1.3495%1 in 74$311,091,435,776$23,052,300,000,000May 2026
8 July 2026Frozen1.3481%1 in 74$310,760,679,220$23,052,300,000,000May 2026
9 July 2026Frozen1.3457%1 in 74$310,204,563,429$23,052,300,000,000May 2026
10 July 2026Frozen1.3483%1 in 74$310,816,291,110$23,052,300,000,000May 2026
11 July 2026Frozen1.3509%1 in 74$311,417,651,858$23,052,300,000,000May 2026
12 July 2026Frozen1.3511%1 in 74$311,456,979,682$23,052,300,000,000May 2026
13 July 2026Frozen1.3498%1 in 74$311,158,550,073$23,052,300,000,000May 2026
14 July 2026Frozen1.3391%1 in 75$308,701,442,477$23,052,300,000,000May 2026
15 July 2026Frozen1.3416%1 in 75$309,277,107,252$23,052,300,000,000May 2026
16 July 2026Frozen1.3398%1 in 75$308,857,418,456$23,052,300,000,000May 2026
17 July 2026Frozen1.3429%1 in 74$309,565,903,640$23,052,300,000,000May 2026
18 July 2026Frozen1.3411%1 in 75$309,152,728,887$23,052,300,000,000May 2026
19 July 2026Frozen1.3417%1 in 75$309,301,003,432$23,052,300,000,000May 2026
20 July 2026Frozen1.3441%1 in 74$309,857,185,063$23,052,300,000,000May 2026
21 July 2026Frozen1.3393%1 in 75$308,732,623,676$23,052,300,000,000May 2026
22 July 2026Frozen1.3420%1 in 75$309,363,499,569$23,052,300,000,000May 2026
23 July 2026Frozen1.3471%1 in 74$310,535,761,710$23,052,300,000,000May 2026
24 July 2026Frozen1.3456%1 in 74$310,183,229,255$23,052,300,000,000May 2026
25 July 2026Frozen1.3455%1 in 74$310,178,787,359$23,052,300,000,000May 2026
26 July 2026Frozen1.3451%1 in 74$310,077,013,358$23,052,300,000,000May 2026
27 July 2026Frozen1.3421%1 in 75$309,384,607,032$23,052,300,000,000May 2026
28 July 2026Frozen1.3373%1 in 75$308,272,296,216$23,052,300,000,000May 2026
29 July 2026Frozen1.3303%1 in 75$308,022,276,470$23,155,200,000,000June 2026
30 July 2026Frozen1.3280%1 in 75$307,507,618,269$23,155,200,000,000June 2026
31 July 2026Frozen1.3268%1 in 75$307,232,378,995$23,155,200,000,000June 2026
1 August 2026Frozen1.3263%1 in 75$307,103,551,645$23,155,200,000,000June 2026
2 August 2026Frozen1.3266%1 in 75$307,168,049,526$23,155,200,000,000June 2026
3 August 2026Frozen1.3249%1 in 75$306,787,590,400$23,155,200,000,000June 2026
4 August 2026Frozen1.3266%1 in 75$307,181,825,598$23,155,200,000,000June 2026
5 August 2026Frozen1.3303%1 in 75$308,038,264,546$23,155,200,000,000June 2026
6 August 2026Frozen1.3308%1 in 75$308,153,683,423$23,155,200,000,000June 2026
7 August 2026Frozen1.3306%1 in 75$308,109,139,767$23,155,200,000,000June 2026
8 August 2026Frozen1.3292%1 in 75$307,769,862,719$23,155,200,000,000June 2026

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The week’s stablecoin supply movement and the current benchmark level. One list, at most one email a week.