Flows

Total stablecoin supply (USD)

How many dollars are issued in USDT and USDC combined — money already inside the crypto system without being invested in anything.

Why it matters

Buying bitcoin on an exchange normally requires holding stablecoins first, so their total supply works as a "dry powder" measure: capital that already came through the door and is waiting. A growing supply indicates new money arriving in the ecosystem; a shrinking one, money leaving (issuers burn coins when people redeem them for real dollars).

Build it yourself

Drag each token's supply and watch the total, which is the only aggregate figure published.

Total supply = USDT supply + USDC supply
Total stablecoin supply

Illustrative example numbers for practice — not real data.

How it's calculated, step by step

  1. The connector reads the circulating supply of each tracked stablecoin (USDT, USDC) and stores each reading as-is.
  2. Each token is also stored separately, and the day's total is simply the sum of every token with a reading that day.
Lagging signal / confirmation. Lagging and slow: stablecoin issuance and redemption respond to demand that already happened, days later. The project also explicitly tested 30-day supply growth as a signal and it came back null (IC 0.031, p=0.80). Shown as liquidity context, not as a leading indicator.

Chart

This is real Bitcoin data, computed from the blockchain — not the illustrative example above.

Data last updated on 2026-09-09.

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