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Stablecoin BeatStatistics and intelligence for the stablecoin economy
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Stablecoin Market Intelligence

Last updated · daily at 15:40 UTC

The charts section is Stablecoin Beat's statistical core. Its daily indicators measure the stablecoin economy the way a statistical office measures any economy: size and structure, how individual coins behave, and how the market moves as a whole. 17 core indicators are organized into Market Structure, Coin Behavior and Market Dynamics; 4 further chapters cover Macro Environment, DeFi & Yields, Dollar & EM, and News Intelligence. It adapts macro, liquidity, concentration and risk indicators commonly used in financial-market analysis to the stablecoin market.

As of 13 September 2026, the stablecoin market totaled $304.7B, with Tether (USDT) at 60.2% of supply and USDC at 24.4%. Market concentration (HHI) reads 4,237, highly concentrated.

Total Market Cap
$304.7B as of 13 September 2026
USDT Dominance
60.2% +0.1pp vs 90D
USDC Dominance
24.4% +0.2pp vs 90D
90D Market Growth
-1.8% -$5.6B

Market Structure

Market Data

Total Stablecoin Market Cap

Total USD value of all stablecoins tracked.

$304.7Bas of 13 September 2026
Explore market cap charts →
Framework

Monetary Aggregates (S0 / S1 / S2)

Base supply, bridge-wrapped representations and claim-lineage wrappers, with the representation multiplier — gross dollar claims per dollar of base stablecoin.

$292.4BS0 · S1 $312.0B · S2 $319.8B
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Market Data

USDT vs USDC Dominance

USDT and USDC percentage share of total stablecoin market cap over time.

60.2%USDT · USDC 24.4%
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Indicator

Market Concentration (HHI)

Herfindahl-Hirschman Index across all tracked stablecoins. 2023 DOJ/FTC threshold: >1,800 is highly concentrated.

4,237Highly Concentrated
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Monitor

Issuer Reserve Income

Estimated annualized reserve income across USD par-pegged issuers — supply × the 3-month T-bill rate — with a per-issuer breakdown. A stated-assumption estimate, updated daily.

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Indicator

Cross-Chain Entropy

Shannon entropy of stablecoin supply distribution across 150+ blockchains. Tracks whether settlement is concentrating or fragmenting over time.

Explore chain distribution →

Coin Behavior

Indicator

Velocity Index

Aggregate monetary velocity (V = Volume ÷ Market Cap), 7-day rolling average. MV=PQ framework.

0.131×General Use
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Indicator

Peg Stability

Rolling 30-day peg stability score per stablecoin, based on mean absolute deviation from $1.00 and depeg event count (>0.5% threshold).

97/100Stable Market
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Indicator

Liquidity Proxy Score

L = Volume ÷ √Market Cap. Normalizes liquidity by size, provides a comparable liquidity proxy across coins from supply scale. Critical for institutional execution decisions.

2.28Leader: USDT
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Indicator

Adoption Curve

Logistic S-curve fit to each coin's market cap history. Reveals each stablecoin's position in its adoption lifecycle: Early Growth, Acceleration, Maturity, or Saturation.

Explore adoption phases →
Indicator

Behavioral Clustering

K-means on velocity, growth rate, volatility and beta, all size-normalized. Groups stablecoins by how they behave, not how large they are. Elbow-selected k.

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Market Dynamics

Indicator

Supply Shock Index

SSI = rolling 30-day % change in total stablecoin market cap. Above 6% signals a supply shock; below 0 = net redemption.

+1.45%Normal Expansion
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Indicator

Redemption Pressure

Per-coin 7D / 30D / 90D market cap flow analysis. Traffic-light table across coins ≥$500M. Net 30D aggregate flow.

+$4.4BNet Inflow · 30D
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Indicator

Market Correlation

30-day Pearson correlation of daily market cap % changes between USDT and USDC. High readings are consistent with common macro drivers; low readings with issuer-specific dynamics.

0.03Top: USDC↔RLUSD 0.60
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Indicator

Market Beta

Rolling 90-day OLS β per coin vs total market. β > 1 = amplifies market moves. β < 1 = defensive or counter-cyclical.

0.02Defensive
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Indicator

Granger Causality

Rolling 60-day Granger F-test: does USDT lead or lag USDC in market cap changes? F > 3.84 = significant. Reveals monetary leadership between the two largest issuers.

Synchronizedno significant lead (max F=2.69)
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Indicator

PCA, Market Factor Analysis

Jacobi eigendecomposition of the stablecoin returns covariance matrix. PC1 captures the dominant market-wide factor. PC2 reveals structural differentiation between coin types.

14.1%PC1
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Built For

Central banks & multilaterals

Financial-stability monitoring and cross-border dollarization tracking

Enterprise treasury

CFOs, treasurers, T-bill vs DeFi allocation decisions; FX hedging via stablecoins

DeFi risk teams

Protocol risk officers, depeg signals, redemption pressure, concentration monitoring

Regulators & policy analysts

Treasury, ESMA, FSB analysts, systemic-risk indicators, MiCA compliance context, issuer landscape