An institutional monthly review of the stablecoin market — size, concentration, regulatory compliance, peg stability, supply by chain and the macro backdrop. Computed from primary data, free to read and cite.
Stablecoin Beat publishes three aggregates. Base Supply (S0) counts native stablecoin claims intended to redeem at par. Represented Supply (S1) adds tokenized representations of those claims in other settlement environments, such as bridged tokens. Extended Claims (S2) adds trans
Total stablecoin supply began August at $297.85B and ended at $303.95B, a 2.05% increase that reversed the July 2026 decline. Market share shifted modestly: USDT dominance fell from 61.5% to 60.7%, down 0.7 percentage point, while USDC dominance rose from 24.1% to 24.4%, up 0.3 p
Total stablecoin supply fell from $302.52B to $298.76B in July, a -1.24% decline and the third consecutive monthly fall. Market share edged further toward USDT, whose dominance rose from 60.7% to 61.2%, a +0.4pp increase. USDC’s dominance slipped from 24.1% to 23.9%, a -0.2pp mov
Total stablecoin supply stood at $309.66B at the start of June and ended at $303.11B, a decline of 2.12%, falling for a second consecutive month. USDT’s share edged up from 57.8% to 58.0%, a gain of 0.2pp, while USDC’s share slipped from 23.4% to 23.1%, down 0.3pp. The contractio
Stablecoin supply was little changed in May, slipping from $311.11B to $309.81B, a decline of 0.42%. The two largest coins lost share: USDT dominance fell from 58.3% to 57.8%, while USDC dominance declined from 23.7% to 23.3%. In the 7 May cluster, total market capitalisation rea