Are Stablecoin Holders Redeeming or Minting?
Per-coin 7-day, 30-day, and 90-day market cap flow analysis across 14 stablecoins above $500M, updated daily. Aggregate 30-day net flow: +$2.5B (Net Inflow).
Aggregate 30D Net Flow
+$2.5B
Net Inflow
Coins Expanding (30D)
7
>+1% 30-day change
Coins Contracting (30D)
4
<−1% 30-day change
Coins Tracked
14
≥$500M market cap
Aggregate Flow
Rolling 30-Day Net Market Cap Change
Rolling 30-day window: total stablecoin market cap minus value 30 days prior. Green bars = net minting. Red bars = net redemption.
Inflow Ranking
Per-Coin 30-Day Market Cap Change
Current 30-day market cap change by coin (≥$500M). Sorted by highest to lowest. Always shows full 30-day window regardless of date toggle.
Redemption Pressure by Coin
| Symbol | Name | Market Cap | 7D | 30D | 90D |
|---|---|---|---|---|---|
| USDT | Tether | $183.2B | +0.1% | -0.4% | -3.2% |
| USDC | USDC | $73.6B | +2.5% | +1.6% | -3.3% |
| USDS | USDS | $9.7B | -0.5% | -3.0% | -12.7% |
| DAI | Dai | $4.6B | +0.1% | -0.5% | +4.8% |
| USD1 | USD1 | $4.1B | +1.8% | -1.1% | -14.3% |
| USDE | Ethena USDe | $4.1B | -0.4% | +2.3% | -9.8% |
| USDG | Global Dollar | $3.4B | -2.2% | +3.3% | +26.6% |
| PYUSD | PayPal USD | $2.8B | -0.3% | +3.0% | -13.0% |
| RLUSD | Ripple USD | $2.1B | +18.5% | +30.7% | +21.0% |
| USDD | USDD | $1.5B | -2.5% | -3.4% | +6.0% |
| USDF | Falcon USD | $1.3B | +0.1% | -5.7% | -19.5% |
| U | United Stables | $1.3B | +1.4% | +18.8% | +20.4% |
| GHO | GHO | $698M | +0.0% | +7.8% | +19.7% |
| USD0 | Usual USD | $550M | -0.2% | -0.6% | -0.6% |
Green = >+1% change · Gray = −1% to +1% · Red = <−1%. Updated daily. See the methodology for data sources and coverage.
Frequently Asked Questions
Are stablecoin holders redeeming or minting right now?
Over the 30-day window ending Aug 2026, the aggregate stablecoin market cap changed by +$2.5B (Net Inflow). 7 tracked coins are in net expansion; 4 are in net contraction. The traffic-light table above shows per-coin 7D, 30D, and 90D flows.
What is redemption pressure in stablecoins?
Redemption pressure occurs when stablecoin holders convert holdings back to fiat faster than new coins are being minted, resulting in declining market cap over time. Sustained contraction can be driven by risk-off sentiment, yield rotation, issuer-specific events, regulatory changes, or portfolio reallocation. It is most visible when 30D and 90D columns are simultaneously red across multiple major stablecoins; the chart shows the pattern but does not identify which of these drivers is responsible in any given period.
How does this differ from the Supply Shock Index?
The Supply Shock Index (SSI) reads the market total over a single 30-day window. The Redemption Pressure Gauge measures per-coin market cap flows across three horizons (7D / 30D / 90D), making it better for identifying which specific coins are experiencing sustained inflows or outflows.
What does a red 90-day reading in the table mean?
A red 90-day cell means the stablecoin market cap declined more than 1% over the past 90 days, persistent net redemption over a quarter. When 7D, 30D, and 90D columns are all red for a coin, it signals a sustained outflow trend that warrants closer monitoring of reserve health and redemption mechanics. A single red 7D reading is normal market noise.
Which stablecoin has the most inflows right now?
As of Aug 2026, the coins with the largest positive 30-day market cap change are shown at the top of the Inflow Ranking chart above. Rankings update daily and reflect circulating supply changes across 14 stablecoins above $500M market cap.