Stablecoins Total
DeFi
The total US-dollar value of all stablecoins in circulation across every tracked chain.
Why it matters
To measure how much ready-to-deploy purchasing power sits inside the crypto system.
How it is built
Summing the circulating supply of every tracked stablecoin, valued in USD, each day.
What to watch
Stablecoin supply is the market's dry powder: expansion typically precedes buying pressure, while sustained contraction signals capital leaving crypto entirely.