Are holders redeeming or minting? Per-coin market capitalization flow across 7-, 30- and 90-day windows.
The aggregate stablecoin market capitalization changed by +$3.7B over the 30 days ending 8 September 2026, a Net Inflow. Of the 14 stablecoins with market capitalizations above $500 million, 6 expanded by more than 1%, while 3 contracted by more than 1%.
The gauge measures market-capitalization flow, the net effect of minting and redemption. It does not separate minting from redemption, nor does it identify why a balance changed.
Each cell shows the percentage change in a coin’s market capitalization over 7, 30 and 90 days. Reading the three horizons together helps distinguish a one-week move from a sustained trend: the shorter the window, the more noise it contains. Across the tracked set, the median absolute 7-day change is 1.4%, and 58% of 7-day readings fall outside the ±1% band that defines a material move.
| Coin | Market cap | 7D | 30D | 90D |
|---|---|---|---|---|
| USDT Tether | $183.4B | +0.0% | +0.1% | -1.8% |
| USDC | $74.2B | +1.2% | +2.8% | -1.1% |
| USDS | $9.84B | -0.0% | -0.1% | -7.0% |
| DAI Dai | $4.60B | +0.7% | +0.4% | +9.3% |
| USDE Ethena USDe | $4.41B | +5.4% | +12.6% | -1.6% |
| USD1 | $4.26B | +1.5% | +6.2% | -4.9% |
| USDG Global Dollar | $3.30B | +0.3% | -5.2% | +25.0% |
| PYUSD PayPal USD | $2.89B | +0.5% | +3.3% | +1.8% |
| RLUSD Ripple USD | $2.42B | +7.2% | +53.0% | +46.8% |
| USDD | $1.46B | -1.4% | -7.2% | +8.7% |
| USDF Falcon USD | $1.34B | +0.0% | -5.6% | -8.2% |
| U United Stables | $1.29B | +1.1% | +6.8% | +29.2% |
| GHO | $0.698B | -0.0% | +0.1% | +16.6% |
| USD0 Usual USD | $0.548B | -0.1% | -0.5% | -0.9% |
Each figure is a signed percentage change: a leading plus is an expansion over the window, a minus a contraction. Contractions beyond −1% are set in wine. Expansions carry no mark, because the palette has no green and a plus sign already says which way a figure points. Movements beyond ±1% in either direction are what the expanding and contracting counts above are built from.
The 1% threshold is Stablecoin Beat’s own. No external standard defines a materiality threshold for stablecoin supply movements. The band is narrow relative to normal variation, and increasingly so as the window lengthens: 58% of 7-day readings fall outside it, against 95% of 90-day readings. What separates the two columns is persistence: a 7-day reading crosses the band from one day to the next on 14% of days, a 90-day reading on 3%.
Coverage. The table covers the 14 tracked stablecoins with current market capitalizations above $500 million, drawn from the 20 largest stablecoins by market capitalization. A coin needs 8, 31 and 91 days of history for its 7-, 30- and 90-day cells respectively; where a coin lacks sufficient history for a horizon, that cell shows a dash rather than a zero. The aggregate figure measures the change in total stablecoin supply using market data across the par universe, and is not restricted by the $500 million threshold applied to the individual-coin table.
Why $500 million. A percentage change in a small float can reflect the size of that float more than the pace of issuance. The threshold here is lower than the $1 billion cutoff used for the Supply Shock Index because this table reports each coin separately rather than ranking the most extreme readings. A smaller coin’s move is therefore evaluated on its own terms rather than presented as the market’s headline reading.
Updated daily at 15:40 UTC. See the methodology for data sources and coverage.
Over the 30-day window ending 8 September 2026, the aggregate stablecoin market cap changed by +$3.7B (Net Inflow). 6 tracked coins are in net expansion; 3 are in net contraction. The table above shows per-coin 7-day, 30-day and 90-day flows.
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 the 30-day and 90-day readings are simultaneously below the band across multiple major stablecoins; the table shows the pattern but does not identify which of these drivers is responsible in any given period.
The Supply Shock Index reads the market total over a single 30-day window. The Redemption Pressure Gauge measures per-coin market cap flows across three horizons (7, 30 and 90 days), making it better for identifying which specific coins are experiencing sustained inflows or outflows.
A 90-day reading below −1% means the coin’s market cap declined by more than 1% over the past 90 days, persistent net redemption over a quarter. When all three windows are below the band for a coin, it signals a sustained outflow trend that warrants closer monitoring of reserve health and redemption mechanics.
A single 7-day reading outside the band is normal market variation: the median absolute 7-day change across the tracked set is 1.4%, so 58% of 7-day readings fall outside it.
As of 8 September 2026, the coins with the largest positive 30-day market cap change are shown at the top of the ranking chart above. Rankings update daily and reflect circulating supply changes across 14 stablecoins above $500 million in market capitalization.
The market total, one window Shows the market total over a single 30-day window as a percentage change, while this page reports each coin separately across three time horizons.
Together or independently Shows whether stablecoins expand and contract together or move independently over 30-day windows.
Sensitivity to the market Regresses each coin’s market-capitalization change against the total market’s change, making it possible to identify coins that amplify or move against broader market moves.
The levels behind the flows Shows the supply levels from which these flows are calculated, including individual-coin histories and the current market breakdown.
Price, not quantity Shows whether a coin held $1.00, which flow data alone cannot reveal.
Definitions and formulas Provides definitions and formulas for ten of the site’s original indicators, including this one, together with data sources and the coverage taxonomy.