The ticker, the Stablecoin Pulse and the market share chart update on their own. This page sets out the source behind each figure, how each one is defined, and which tokens are counted. If you are about to put one of our numbers in a deck, read this first.
Sources
- Supply, market cap, volume and share: CoinGecko.
- Reserve composition: issuers’ own published reserve reports and third-party attestations, where they publish them.
- Registration and licensing facts: the relevant public register or filing, named in the story that uses it.
Every module on the site shows its source and the time the figure was pulled. If a number appears without both, treat that as a bug and tell us.
How often it refreshes
| Module | Refresh |
|---|---|
| Ticker | Every few minutes |
| Stablecoin Pulse | Every few minutes, on the same cycle as the ticker |
| Market share chart | Once a day |
All timestamps are UTC.
What each figure means
Total stablecoin supply
The sum of the circulating supply of every stablecoin we track, valued in US dollars. We report supply rather than market capitalization because a token trading slightly off par would otherwise move the total and imply a change in the amount of money issued when none happened. Where we do say market cap, we mean supply valued at the token’s market price, and we label it that way.
30-day growth
The change in total supply measured against the same hour 30 days earlier, as a percentage. Calendar months are not used, so the figure is comparable whichever day you read it.
24-hour trading volume
Exchange-reported trading volume across the venues our provider tracks, summed over the trailing 24 hours. Read it carefully: it counts trading, not payments. A dollar moving between two accounts on an exchange counts. A dollar settling an invoice on-chain does not. It is not a measure of payment settlement volume and we do not present it as one.
Market share by supply
Each stablecoin’s circulating supply as a percentage of the tracked total. By supply, not by volume, because supply is the closer proxy for money actually held.
Issuers above $1bn
The number of issuers whose combined circulating supply across all of their stablecoins is $1bn or more. Counted by issuer rather than by token, so an issuer running two tokens counts once.
What we count
Included: stablecoins pegged to a fiat currency and redeemable at par, either by the issuer or through an over-collateralised on-chain mechanism. That covers fiat-backed tokens such as USDT, USDC and PYUSD, and crypto-collateralised tokens such as DAI and USDS.
Excluded, and why:
- Algorithmic tokens with no collateral behind them. A different instrument with a different risk, and folding it into a supply total misstates how much backed money is in circulation.
- Tokenised money market funds and treasury products. These are yield-bearing securities rather than payment instruments. They matter, and they belong in a different total.
- Wrapped, bridged and synthetic versions of a token we already count. Counting a native token and its bridged representation counts the same dollar twice, which is the most common way a stablecoin total gets inflated.
- Tokens under $10m of supply. Below that they move the total by less than the rounding and add noise to the chart.
Across chains
Supply is aggregated across every chain a token is issued on. Where a token exists natively on several chains we take the issuer’s own total supply figure in preference to adding up chain explorers, because bridged supply is easy to double count and hard to spot once it is in a total.
Rounding
Supply figures round to one decimal place in billions, so $182.4B. Percentages round to one decimal. Shares are calculated on unrounded figures and rounded afterwards, so a column of shares can come to 99.9% or 100.1% rather than exactly 100%. That is rounding, not a missing issuer.
When a feed goes down
If a source stops responding we show the last known value with the time it was pulled, marked as delayed. We do not present a stale figure as current, and we do not interpolate a value to fill a gap.
When a number is wrong
Two different situations, handled differently.
A live module was wrong because the feed was wrong. It corrects itself on the next refresh. We do not publish a correction note for a value that no longer exists anywhere on the site, because there is nothing left for a reader to check the note against.
A figure written into a story was wrong. That is a correction and it goes through the corrections policy, with a dated note on the story. A figure in an article is a claim as at a date. It does not update, and it should not be read as though it had.
Restatements
Data providers revise history. Where a restatement changes a figure we published in a story by more than the rounding, we correct the story. Where it changes the shape of the market share chart, we note it here with a date rather than letting the chart change quietly.
Using our charts and figures
You may republish our charts for editorial and internal use, with attribution to Stablecard News and a link to the story the chart appeared in. Do not alter the data, the labels or the as-of date. For a commercial product, a paid report or a client deck, email [email protected] first. The underlying market data comes from CoinGecko, whose terms apply on top of ours.
Not investment advice
These figures are published for information. They are not a price, a quote, or a recommendation to buy or sell anything, and we do not warrant that any of them is accurate or current at the moment you read it.