Total stablecoin market cap seven-day change: -1.1%. Tether holds 60.7% of circulating supply, Circle 23.9%. 311 stablecoins measured daily.
Market cap and S0 use different inclusion rules. See SBMP-01.
Stablecoin Beat is an independent statistical publication for the stablecoin market. We publish daily market-cap and supply statistics, S0/S1/S2 monetary aggregates, market-structure indicators, issuer and network data, and regulatory reference material. Published series are accompanied by documented methodology.
Coverage includes USDT, USDC, DAI, USDe, FDUSD, PYUSD, RLUSD and the broader tracked stablecoin universe.
| Indicator | Value | Reading |
|---|---|---|
| Market Concentration (HHI) | 4,457 | Highly Concentrated |
| Avg Peg Stability Score | 94/100 | Minor Stress |
| Velocity Index | 0.227× | Payment / Settlement |
| Supply Shock Index | -2.55% | Net Redemption |
| 30-Day Net Flow | -$7.6B | Net Outflow |
| Liquidity Proxy Score | 3.88 | Leader: USDT |
| Avg Pair Correlation | 0.11 | Top: USDC↔USDE 0.57 |
| USDC Market Beta | 1.34 | Amplifier |
| PCA: PC1 Variance | 14.0% | Largest loading: PYUSD |
| Strongest Granger Pair | USDT → DAI | F = 5.03 (p < 0.05 ✓) |
Stablecoin regulation has largely focused on making sure issuers can meet redemptions and that the assets backing their tokens are safe. Regulators are now turning to a more complicated question: should stablecoin holders be able to earn a return on those balances? Europe…
The total stablecoin market cap began the week at $326.12 billion and ended at $326.65 billion, an increase of $0.53 billion or 0.16%. In the same period, the UK Financial Conduct Authority (FCA) soug
The U.S. Treasury's decision in August to increase purchases of long-dated government bonds was small in dollar terms. The policy…
A July 2026 IMF Working Paper by Brandon Joel Tan models stablecoins in fixed exchange-rate regimes as both an access technology…
Stablecoin Beat publishes three aggregates. Base Supply (S0) counts native stablecoin claims intended to redeem at par.
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Stablecoin Beat is a market intelligence platform tracking the stablecoin ecosystem. It publishes daily data on 311+ stablecoins totalling $298.0B in market cap, plus on-chain flow signals, peg stability scores, and editorial analysis of stablecoin markets, policy, and infrastructure.
The total stablecoin market cap is $298.0B as of 2026-10-29. Tether (USDT) holds 60.7% dominance. Data is updated daily.
Stablecoin Beat tracks 311+ stablecoins by market capitalization, including USDT (Tether), USDC (Circle), DAI, USDe (Ethena), FDUSD, PYUSD, RLUSD, and all other fiat-pegged and algorithmic stablecoins with meaningful market cap. Data is updated daily at 15:00 UTC.
Market cap and price data are updated daily at 15:00 UTC. The signals feed is refreshed five times daily. Weekly editorial recaps are published every Monday.
Stablecoin market dominance measures the percentage of total stablecoin market cap held by a single stablecoin. USDT currently holds 60.7% dominance. Shifts in dominance signal capital flows between issuers, often tied to regulatory developments, yield differentials, or chain-level adoption trends.
A stablecoin depeg occurs when a dollar-pegged stablecoin trades materially above or below $1.00. Stablecoin Beat monitors all major USD-pegged stablecoins and flags any instance where price moves outside a ±0.5% band as a depeg event, which may signal reserve stress, liquidity pressure, or loss of market confidence.