Stable Tape reports

Reports

Longer-form context for the stablecoin M2 ratio. Stable Tape reports summarize ODS, USD stablecoin supply movement, U.S. M2 denominator changes, and market-structure notes from canonical Daily Tape records. They are published occasionally rather than on a fixed cadence, and the archive below is the complete list. The dated daily publication is the Daily Tape.

Most recent report
June 2026

Stablecoin M2 Ratio — June 2026

ODS at June month-end
1.35%
One-in-N
$1 per $74

June ended with USD stablecoins at roughly 1.35% of US M2, or $1 of stablecoins for every $74 of US M2.

Read June 2026 report →

What reports cover

  • ODS / stablecoin M2 ratio
  • USD stablecoin supply movement
  • Expanded and contracted supply
  • U.S. M2 denominator updates
  • Issuer, chain, and currency structure notes where available
  • Caveats and methodology

Reports are factual benchmark notes based on canonical Daily Tape records. They are not investment advice. ODS measures the scale of stablecoin supply, not adoption, and the reports claim nothing more. A report describes the period it names and is not updated afterwards; for the current reading and the latest dated record, use the Daily Tape.

Daily Tape Methodology M2 ratio explainer Adoption metrics Metrics
Archive
June 2026

Stablecoin M2 Ratio — June 2026

ODS, USD stablecoin supply vs U.S. M2, canonical Daily Tape movement, issuer concentration, and chain distribution from the available June canonical records.

Read the daily briefing.