The Bitcoin Credit Stack
rates are percent a year, continuously compounded · figures as of 2026-10-15 · read 2026-10-16 04:01 UTC
Indicators › Context › Stablecoin Supply

Stablecoin Supply

stablecoins

Stablecoin market cap, the liquidity backdrop for the lending side. Supply by issuer and chain is DefiLlama data and is currently withheld (returned as null); issuer and chain coverage is still listed. Stablecoin dominance is retired (2026-10-02) and returned as null. Payloads carry `withheld` and `retired` blocks naming each field returned as null and why.

UnitsUSD
Computed at2026-10-15
Historyserved

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Reading

date2026-10-15
source_noteSupply read from each chain: the token's own totalSupply() at a stated block, less the issuer's published reserve and quarantine wallets where it publishes them (circulating). One dollar per token (parity). Per-chain figures are served; issuer totals over chains are not, yet: see `issuer_total_absent_because`.
total_supply_usdnull
issuer_total_absent_becausenot every chain the issuer is on is read, and escrow balances backing bridged supply are not yet excluded
issuers
7 entries
[
  {
    "issuer": "DAI",
    "date": "2026-10-15",
    "supply_usd": null,
    "absent_because": "not every chain the issuer is on is read, and escrow balances backing bridged supply are not yet excluded",
    "chains": 1,
    "chains_read": 1,
    "chain_reads": [
      {
        "chain": "ethereum",
        "token": "0x6B175474E89094C44Da98b954EedeAC495271d0F",
        "supply_usd": 4532880695.502286,
        "total_supply": 4532880695.502286,
        "reserve_excluded": 0,
        "reserve_source": null,
        "check": null,
        "block": ">= 26195604"
      }
    ],
    "source": "chain read"
  },
  {
    "issuer": "USDC",
    "date": "2026-10-15",
    "supply_usd": null,
    "absent_because": "not every chain the issuer is on is read, and escrow balances backing bridged supply are not yet excluded",
    "chains": 23,
    "chains_read": 23,
    "chain_reads": [
      {
        "chain": "ethereum",
        "token": "0xA0b86991c6218b36c1d19D4a2e9Eb0cE3606eB48",
        "supply_usd": 48232203380.284294,
        "total_supply": 48232203380.284294,
        "reserve_excluded": 0,
        "reserve_source": null,
        "check": null,
        "block": ">= 26195604"
      },
      {
        "chain": "solana",
        "token": "EPjFWdd5AufqSSqeM2qN1xzybapC8G4wEGGkZwyTDt1v",
        "supply_usd": 7815200462.165179,
        "total_supply": 7815200462.165179,
        "reserve_excluded": 0,
        "reserve_source": null,
        "check": null,
        "block": "slot 457108895"
      },
      {
        "chain": "hyperliquid",
        "token": "0xb88339CB7199b77E23DB6E890353E22632Ba630f",
        "supply_usd": 6596720270.577374,
        "total_supply": 6596720270.577374,
        "reserve_excluded": 0,
        "reserve_source": null,
        "check": null,
        "block": ">= 48579214"
      },
      {
        "chain": "base",
        "token": "0x833589fCD6eDb6E08f4c7C32D4f71b54bdA02913",
        "supply_usd": 4376582414.364911,
        "total_supply": 4376582414.364911,
        "reserve_excluded": 0,
        "reserve_source": null,
        "check": null,
        "block": ">= 52625079"
      },
      {
        "chain": "arbitrum",
        "token": "0xaf88d065e77c8cC2239327C5EDb3A432268e5831",
        "supply_usd": 2679558274.172887,
        "total_supply": 2679558274.172887,
        "reserve_excluded": 0,
        "reserve_source": null,
        "check": null,
        "block": ">= 514957079"
      },
      {
        "chain": "polygon",
        "token": "0x3c499c542cEF5E3811e1192ce70d8cC03d5c3359",
        "supply_usd": 646653028.445868,
        "total_supply": 646653028.445868,
        "reserve_excluded": 0,
        "reserve_source": null,
        "check": null,
        "block": ">= 95556122"
      },
      {
        "chain": "avalanche",
        "token": "0xB97EF9Ef8734C71904D8002F8b6Bc66Dd9c48a6E",
        "supply_usd": 407287920.790162,
        "total_supply": 407287920.790162,
        "reserve_excluded": 0,
        "reserve_source": null,
        "check": null,
        "block": ">= 97587456"
      },
      {
        "chain": "monad",
        "token": "0x754704Bc059F8C67012fEd69BC8A327a5aafb603",
        "supply_usd": 227453183.039855,
        "total_supply": 227453183.039855,
        "reserve_excluded": 0,
        "reserve_source": null,
        "check": null,
        "block": ">= 113521117"
      },
      {
        "chain": "sonic",
        "token": "0x29219dd400f2Bf60E5a23d13Be72B486D4038894",
        "supply_usd": 152750076.594537,
        "total_supply": 152750076.594537,
        "reserve_excluded": 0,
        "reserve_source": null,
        "check": null,
        "block": ">= 81045429"
      },
      {
        "chain": "optimism",
        "token": "0x0b2C639c533813f4Aa9D7837CAf62653d097Ff85",
        "supply_usd": 145453307.545898,
        "total_supply": 145453307.545898,
        "reserve_excluded": 0,
        "reserve_source": null,
        "check": null,
        "block": ">= 158220365"
      },
      {
        "chain": "xlayer",
        "token": "0xB6CEceAB302E2E4948951eE7843FC24E92933061",
        "supply_usd": 60699167.269217,
        "total_supply": 60699167.269217,
        "reserve_excluded": 0,
        "reserve_source": null,
        "check": null,
        "block": ">= 73270471"
      },
      {
        "chain": "xdc",
        "token": "0xfA2958CB79b0491CC627c1557F441eF849Ca8eb1",
        "supply_usd": 54647564.852834,
        "total_supply": 54647564.852834,
        "reserve_excluded": 0,
        "reserve_source": null,
        "check": null,
        "block": ">= 108363415"
      },
      {
        "chain": "ink",
        "token": "0x2D270e6886d130D724215A266106e6832161EAEd",
        "supply_usd": 52356479.147541,
        "total_supply": 52356479.147541,
        "reserve_excluded": 0,
        "reserve_source": null,
        "check": null,
        "block": ">= 58541096"
      },
      {
        "chain": "sei",
        "token": "0xe15fC38F6D8c56aF07bbCBe3BAf5708A2Bf42392",
        "supply_usd": 42783330.761848,
        "total_supply": 42783330.761848,
        "reserve_excluded": 0,
        "reserve_source": null,
        "check": null,
        "block": ">= 237671720"
      },
      {
        "chain": "morph",
        "token": "0xCfb1186F4e93D60E60a8bDd997427D1F33bc372B",
        "supply_usd": 24011481.481167,
        "total_supply": 24011481.481167,
        "reserve_excluded": 0,
        "reserve_source": null,
        "check": null,
        "block": ">= 28303687"
      },
      {
        "chain": "linea",
        "token": "0x176211869cA2b568f2A7D4EE941E073a821EE1ff",
        "supply_usd": 23568079.463414,
        "total_supply": 23568079.463414,
        "reserve_excluded": 0,
        "reserve_source": null,
        "check": null,
        "block": ">= 32327783"
      },
      {
        "chain": "unichain",
        "token": "0x078D782b760474a361dDA0AF3839290b0EF57AD6",
        "supply_usd": 19992585.900648,
        "total_supply": 19992585.900648,
        "reserve_excluded": 0,
        "reserve_source": null,
        "check": null,
        "block": ">= 61291149"
      },
      {
        "chain": "worldchain",
        "token": "0x79a02482a880bce3f13e09da970dc34db4cd24d1",
        "supply_usd": 16959934.917103,
        "total_supply": 16959934.917103,
        "reserve_excluded": 0,
        "reserve_source": null,
        "check": null,
        "block": ">= 36351934"
      },
      {
        "chain": "celo",
        "token": "0xcebA9300f2b948710d2653dD7B07f33A8B32118C",
        "supply_usd": 15702007.918166,
        "total_supply": 15702007.918166,
        "reserve_excluded": 0,
        "reserve_source": null,
        "check": null,
        "block": ">= 80138749"
      },
      {
        "chain": "zksync",
        "token": "0x1d17CBcF0D6D143135aE902365D2E5e2A16538D4",
        "supply_usd": 10636491.412155,
        "total_supply": 10636491.412155,
        "reserve_excluded": 0,
        "reserve_source": null,
        "check": null,
        "block": ">= 72492958"
      },
      {
        "chain": "cronos",
        "token": "0x3D7F2C478aAfdB65542BCB44bCeeC05849999d2D",
        "supply_usd": 9253665.291407,
        "total_supply": 9253665.291407,
        "reserve_excluded": 0,
        "reserve_source": null,
        "check": null,
        "block": ">= 100010781"
      },
      {
        "chain": "plume",
        "token": "0x222365EF19F7947e5484218551B56bb3965Aa7aF",
        "supply_usd": 4205322.45336,
        "total_supply": 4205322.45336,
        "reserve_excluded": 0,
        "reserve_source": null,
        "check": null,
        "block": ">= 99485490"
      },
      {
        "chain": "plasma",
        "token": "0x2d661C89D812261039AF9764eceaAee884f5F67F",
        "supply_usd": 3176395.457608,
        "total_supply": 3176395.457608,
        "reserve_excluded": 0,
        "reserve_source": null,
        "check": null,
        "block": ">= 35098135"
      }
    ],
    "source": "chain read"
  },
  {
    "issuer": "USDT",
    "date": "2026-10-15",
    "supply_usd": null,
    "absent_because": "not every chain the issuer is on is read, and escrow balances backing bridged supply are not yet excluded",
    "chains": 5,
    "chains_read": 5,
    "chain_reads": [
      {
        "chain": "tron",
        "token": "0xa614f803B6FD780986A42c78Ec9c7f77e6DeD13C",
        "supply_usd": 93116340714.81593,
        "total_supply": 94248192941.36377,
        "reserve_excluded": 1131852226.547835,
        "reserve_source": "https://app.tether.to/transparency.json reserve_balance_tron + quarantined_tron",
        "check": "on-chain 94248192941.36 vs Tether totaltokens_tron 94248192941.36 (0.0000%)",
        "block": ">= 87122194"
      },
      {
        "chain": "ethereum",
        "token": "0xdAC17F958D2ee523a2206206994597C13D831ec7",
        "supply_usd": 86342871670.8977,
        "total_supply": 88302633055.70265,
        "reserve_excluded": 1959761384.804943,
        "reserve_source": "https://app.tether.to/transparency.json reserve_balance_eth + quarantined_eth",
        "check": "on-chain 88302633055.70 vs Tether totaltokens_eth 88302633055.70 (0.0000%)",
        "block": ">= 26195604"
      },
      {
        "chain": "solana",
        "token": "Es9vMFrzaCERmJfrF4H2FYD4KCoNkY11McCe8BenwNYB",
        "supply_usd": 2780391943.7085214,
        "total_supply": 3839903258.026768,
        "reserve_excluded": 1059511314.318247,
        "reserve_source": "https://app.tether.to/transparency.json reserve_balance_sol + quarantined_sol",
        "check": "on-chain 3839903258.03 vs Tether totaltokens_sol 3839918993.01 (0.0004%)",
        "block": "slot 457108895"
      },
      {
        "chain": "avalanche",
        "token": "0x9702230A8Ea53601f5cD2dc00fDBc13d4dF4A8c7",
        "supply_usd": 304285928.1217401,
        "total_supply": 1847205574.047338,
        "reserve_excluded": 1542919645.925598,
        "reserve_source": "https://app.tether.to/transparency.json reserve_balance_ava + quarantined_ava",
        "check": "on-chain 1847205574.05 vs Tether totaltokens_ava 1847205574.05 (0.0000%)",
        "block": ">= 97587458"
      },
      {
        "chain": "celo",
        "token": "0x48065fbBE25f71C9282ddf5e1cD6D6A887483D5e",
        "supply_usd": 83889505.67699999,
        "total_supply": 470000000.997,
        "reserve_excluded": 386110495.32,
        "reserve_source": "https://app.tether.to/transparency.json reserve_balance_celo + quarantined_celo",
        "check": "on-chain 470000001.00 vs Tether totaltokens_celo 470000001.00 (0.0000%)",
        "block": ">= 80138750"
      }
    ],
    "source": "chain read"
  },
  {
    "issuer": "USDS",
    "supply_usd": null,
    "absent_because": "no on-chain reader for this issuer yet",
    "chains": 0,
    "chains_read": 0,
    "chain_reads": [],
    "source": null
  },
  {
    "issuer": "USDe",
    "supply_usd": null,
    "absent_because": "no on-chain reader for this issuer yet",
    "chains": 0,
    "chains_read": 0,
    "chain_reads": [],
    "source": null
  },
  {
    "issuer": "PYUSD",
    "supply_usd": null,
    "absent_because": "no on-chain reader for this issuer yet",
    "chains": 0,
    "chains_read": 0,
    "chain_reads": [],
    "source": null
  },
  {
    "issuer": "FDUSD",
    "supply_usd": null,
    "absent_because": "no on-chain reader for this issuer yet",
    "chains": 0,
    "chains_read": 0,
    "chain_reads": [],
    "source": null
  }
]
by_chain
24 entries
[
  {
    "chain": "ethereum",
    "supply_usd": 139107955746.6843,
    "issuers": 3,
    "dates": [
      "2026-10-15"
    ],
    "supply_usd_note": "the issuers read on this chain, summed; issuers not read on it are not in it"
  },
  {
    "chain": "tron",
    "supply_usd": 93116340714.81593,
    "issuers": 1,
    "dates": [
      "2026-10-15"
    ],
    "supply_usd_note": "the issuers read on this chain, summed; issuers not read on it are not in it"
  },
  {
    "chain": "solana",
    "supply_usd": 10595592405.873701,
    "issuers": 2,
    "dates": [
      "2026-10-15"
    ],
    "supply_usd_note": "the issuers read on this chain, summed; issuers not read on it are not in it"
  },
  {
    "chain": "hyperliquid",
    "supply_usd": 6596720270.577374,
    "issuers": 1,
    "dates": [
      "2026-10-15"
    ],
    "supply_usd_note": "the issuers read on this chain, summed; issuers not read on it are not in it"
  },
  {
    "chain": "base",
    "supply_usd": 4376582414.364911,
    "issuers": 1,
    "dates": [
      "2026-10-15"
    ],
    "supply_usd_note": "the issuers read on this chain, summed; issuers not read on it are not in it"
  },
  {
    "chain": "arbitrum",
    "supply_usd": 2679558274.172887,
    "issuers": 1,
    "dates": [
      "2026-10-15"
    ],
    "supply_usd_note": "the issuers read on this chain, summed; issuers not read on it are not in it"
  },
  {
    "chain": "avalanche",
    "supply_usd": 711573848.9119022,
    "issuers": 2,
    "dates": [
      "2026-10-15"
    ],
    "supply_usd_note": "the issuers read on this chain, summed; issuers not read on it are not in it"
  },
  {
    "chain": "polygon",
    "supply_usd": 646653028.445868,
    "issuers": 1,
    "dates": [
      "2026-10-15"
    ],
    "supply_usd_note": "the issuers read on this chain, summed; issuers not read on it are not in it"
  },
  {
    "chain": "monad",
    "supply_usd": 227453183.039855,
    "issuers": 1,
    "dates": [
      "2026-10-15"
    ],
    "supply_usd_note": "the issuers read on this chain, summed; issuers not read on it are not in it"
  },
  {
    "chain": "sonic",
    "supply_usd": 152750076.594537,
    "issuers": 1,
    "dates": [
      "2026-10-15"
    ],
    "supply_usd_note": "the issuers read on this chain, summed; issuers not read on it are not in it"
  },
  {
    "chain": "optimism",
    "supply_usd": 145453307.545898,
    "issuers": 1,
    "dates": [
      "2026-10-15"
    ],
    "supply_usd_note": "the issuers read on this chain, summed; issuers not read on it are not in it"
  },
  {
    "chain": "celo",
    "supply_usd": 99591513.59516598,
    "issuers": 2,
    "dates": [
      "2026-10-15"
    ],
    "supply_usd_note": "the issuers read on this chain, summed; issuers not read on it are not in it"
  },
  {
    "chain": "xlayer",
    "supply_usd": 60699167.269217,
    "issuers": 1,
    "dates": [
      "2026-10-15"
    ],
    "supply_usd_note": "the issuers read on this chain, summed; issuers not read on it are not in it"
  },
  {
    "chain": "xdc",
    "supply_usd": 54647564.852834,
    "issuers": 1,
    "dates": [
      "2026-10-15"
    ],
    "supply_usd_note": "the issuers read on this chain, summed; issuers not read on it are not in it"
  },
  {
    "chain": "ink",
    "supply_usd": 52356479.147541,
    "issuers": 1,
    "dates": [
      "2026-10-15"
    ],
    "supply_usd_note": "the issuers read on this chain, summed; issuers not read on it are not in it"
  },
  {
    "chain": "sei",
    "supply_usd": 42783330.761848,
    "issuers": 1,
    "dates": [
      "2026-10-15"
    ],
    "supply_usd_note": "the issuers read on this chain, summed; issuers not read on it are not in it"
  },
  {
    "chain": "morph",
    "supply_usd": 24011481.481167,
    "issuers": 1,
    "dates": [
      "2026-10-15"
    ],
    "supply_usd_note": "the issuers read on this chain, summed; issuers not read on it are not in it"
  },
  {
    "chain": "linea",
    "supply_usd": 23568079.463414,
    "issuers": 1,
    "dates": [
      "2026-10-15"
    ],
    "supply_usd_note": "the issuers read on this chain, summed; issuers not read on it are not in it"
  },
  {
    "chain": "unichain",
    "supply_usd": 19992585.900648,
    "issuers": 1,
    "dates": [
      "2026-10-15"
    ],
    "supply_usd_note": "the issuers read on this chain, summed; issuers not read on it are not in it"
  },
  {
    "chain": "worldchain",
    "supply_usd": 16959934.917103,
    "issuers": 1,
    "dates": [
      "2026-10-15"
    ],
    "supply_usd_note": "the issuers read on this chain, summed; issuers not read on it are not in it"
  },
  {
    "chain": "zksync",
    "supply_usd": 10636491.412155,
    "issuers": 1,
    "dates": [
      "2026-10-15"
    ],
    "supply_usd_note": "the issuers read on this chain, summed; issuers not read on it are not in it"
  },
  {
    "chain": "cronos",
    "supply_usd": 9253665.291407,
    "issuers": 1,
    "dates": [
      "2026-10-15"
    ],
    "supply_usd_note": "the issuers read on this chain, summed; issuers not read on it are not in it"
  },
  {
    "chain": "plume",
    "supply_usd": 4205322.45336,
    "issuers": 1,
    "dates": [
      "2026-10-15"
    ],
    "supply_usd_note": "the issuers read on this chain, summed; issuers not read on it are not in it"
  },
  {
    "chain": "plasma",
    "supply_usd": 3176395.457608,
    "issuers": 1,
    "dates": [
      "2026-10-15"
    ],
    "supply_usd_note": "the issuers read on this chain, summed; issuers not read on it are not in it"
  }
]
coverage
issuers_read3
issuers_not_read
4 entries
[
  "USDS",
  "USDe",
  "PYUSD",
  "FDUSD"
]
issuers_staleempty
chains_total24
chains_returned24
rows_read29
noteby_chain is the chains read, largest first, capped by ?chains= (default 25).
market_cap
total_stablecoin_mcap260743963669.81
stablecoin_dominancenull
as_of2026-10-16
sourcestablecoin_metrics
total_stablecoin_mcap260743963669.81
stablecoin_dominancenull
retired
on2026-10-02
rulingPV1 R1
fields
2 entries
[
  "market_cap.stablecoin_dominance",
  "stablecoin_dominance"
]
reasonRetired 2026-10-02: total crypto market capitalisation has no root source. History retained, not served.
usdt_supplynull
usdc_supplynull
usds_supplynull
usde_supplynull
dai_supplynull
pyusd_supplynull
fdusd_supplynull
attribution
1 entries
[
  {
    "provider": "CoinGecko",
    "text": "Powered by CoinGecko",
    "url": "https://www.coingecko.com",
    "covers": "BTC/USD price, and market capitalisation / dominance figures built on CoinGecko data"
  }
]

Where this comes from

REST
GET https://api.bitcoincreditstack.com/v1/market/stablecoins/current
MCP
get_indicator({ id: "stablecoins" })
get_indicator({ id: "stablecoins", include_history: true })

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The payload carries more than this page renders — the full nested structure, and for most indicators a daily history this page does not chart. That asymmetry is deliberate.

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