Stablecoin Beat S0/S1/S2 Monetary Aggregates — Specification 1.0
Stablecoin Beat Research · August 2026 · DOI: 10.5281/zenodo.21861584
Abstract
This specification defines the S0/S1/S2 stablecoin monetary aggregates: an operational statistical framework that classifies dollar-denominated stablecoin claims into tiers ordered by their distance from the base instrument's redemption endpoint. S0 measures native, issuer-recognised par liabilities from per-chain issuance records; S1 adds bridge-wrapped representations of S0 claims, reported net and gross; S2 adds savings, staking and lending-vault wrappers admitted through a curated claim-lineage record. The ratio of gross claims to the net base, the representation multiplier, measures market-valued claim layering. The specification states the compilation rules, admission and exclusion criteria, valuation basis, reconciliation tolerances, and the versioning and revisions policy under which the daily published series is maintained. The ordering concept builds on the money-view analysis of stablecoins; the operational contribution is the named tier system restricted to stablecoin-rooted claims, the paired net and gross convention at every tier, and the maintained daily series under a versioned specification with constituent governance.
JEL: E41, E42, G23 · Keywords: stablecoins, monetary aggregates, tokenized money, claim structure, statistical methodology
Access
Cite as: Stablecoin Beat Research, “Stablecoin Beat S0/S1/S2 Monetary Aggregates — Specification 1.0,” SB Methodology Papers No. 1, August 2026, doi:10.5281/zenodo.21861584. stablecoinbeat.com/papers/sbmp-01/, retrieved 16 August 2026.