Stablecoin Supply Today
Track circulating USD stablecoin supply, daily supply movement, and its share of U.S. M2.
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What “stablecoin supply” means
Stablecoin supply is the reported circulating supply of stablecoins. Stable Tape focuses on USD-pegged stablecoin supply for DDD, then compares it with U.S. M2 to show the scale of onchain dollars relative to broad money.
Supply is not transaction volume, user count, or complete adoption. Non-USD stablecoins are context, not part of the DDD numerator. See Stablecoin Adoption Metrics for the wider measurement stack.
Structure layers beneath stablecoin supply
These are structure layers, not usage or adoption rankings — they show how reported supply is distributed, not how actively it is used.
Supply changes daily
Daily Tape records how USD stablecoin supply expanded and contracted across the latest frozen measurement window.
Movements compare frozen daily snapshots. They are not transaction-level mint or burn events.
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Read the full Daily Tape → · June 2026 report →
Supply Momentum summarizes whether the latest Daily Tape window shows net expansion, contraction, or mostly flat supply.
Sources and methodology
- Source: DeFiLlama stablecoin supply data.
- Denominator: FRED M2SL for U.S. M2.
- DDD numerator: USD-pegged stablecoin supply.
- Dated Daily Tape records are the preferred citable surface for a specific day’s reading.
See the full methodology for the formula and caveats, or the developers page for API access. New to the metric? Start with the stablecoin M2 ratio explainer. For adjusted transfer volume relative to supply, see the Stablecoin Velocity research beta.