Stablecoin Supply: Total Tracked Balances
USD stablecoin universe from stablecoins_multichain.tokens where currency = USD; 180-day window ending at the latest available balance day.
Daily total tracked USD stablecoin balances computed from Dune stablecoins_multichain.balances by summing positive balance_usd over the reviewed USD stablecoin universe.
Quick answer
As of 2026-06-25, reviewed USD stablecoin total tracked balances were $333.2B. This is a balance-stock trend, not a demand, liquidity, adoption, reserve, or fresh-inflow claim.
What you should know about this indicator
- The reviewed time series spans 2025-12-28 to 2026-06-25.
- Do not infer liquidity depth, demand, adoption, active users, peg safety, reserves, redemption capacity, solvency, or fresh fiat inflow from balance-stock data alone. Do not describe total tracked balances as circulating supply or market cap. Do not infer issuer market power, manipulation, or control from balance concentration or chain distribution alone. Do not claim expansion did not bring diffusion unless the same-universe HHI-over-time evidence is separately reviewed for the research page.
- Uses total tracked balances, not circulating supply or market cap.
- Balance growth does not by itself prove organic demand, payments usage, liquidity depth, reserve quality, peg safety, or fresh fiat inflow.
- HHI fields in the query output are carried for audit context; R1 trend interpretation remains noindex until separately reviewed.
Methodology
How this metric is calculated, which source it uses, and what the current denominator means.
- Source
- Dune
- Data through
- 2026-06-25
- Unit
- USD
- Grain
- day
How this metric is calculated
Daily total tracked USD stablecoin balances computed from Dune stablecoins_multichain.balances by summing positive balance_usd over the reviewed USD stablecoin universe.
Manual refresh: changes require operator review before the chart can be treated as current.
Evidence limits
- Do not infer liquidity depth, demand, adoption, active users, peg safety, reserves, redemption capacity, solvency, or fresh fiat inflow from balance-stock data alone. Do not describe total tracked balances as circulating supply or market cap. Do not infer issuer market power, manipulation, or control from balance concentration or chain distribution alone. Do not claim expansion did not bring diffusion unless the same-universe HHI-over-time evidence is separately reviewed for the research page.
- Uses total tracked balances, not circulating supply or market cap.
- Balance growth does not by itself prove organic demand, payments usage, liquidity depth, reserve quality, peg safety, or fresh fiat inflow.
- HHI fields in the query output are carried for audit context; R1 trend interpretation remains noindex until separately reviewed.
Frequently asked questions
What can this indicator support?
The reviewed time series spans 2025-12-28 to 2026-06-25.
What should it not be used for?
Do not infer liquidity depth, demand, adoption, active users, peg safety, reserves, redemption capacity, solvency, or fresh fiat inflow from balance-stock data alone. Do not describe total tracked balances as circulating supply or market cap. Do not infer issuer market power, manipulation, or control from balance concentration or chain distribution alone. Do not claim expansion did not bring diffusion unless the same-universe HHI-over-time evidence is separately reviewed for the research page.
What should readers check before reuse?
Uses total tracked balances, not circulating supply or market cap.