Stablecoin monitor
Stablecoins are the funding base of the debt side of every USD pair — what is lent when someone borrows dollars against Bitcoin. This page tracks that base: how much exists, who issues it, and which chains it sits on.
It is not a credit measure and never renders inside a credit chart. Supply is context for the rates on this site, not an input to them.
Supply outstanding
Total stablecoin supply
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USDT
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USDC
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Levels, not growth. This page publishes what is outstanding and the observed change in it; it does not publish an annualised growth index, which is a different object and was retired from this surface.
Distribution
Where the base actually sits — which issuers carry it, and on which chains.
Supply flows (mint, burn, net) — not available
Derivable from the same daily series once it is exposed, as the observed change between consecutive days. It is not published as an annualised rate: a growth index over a chosen window is a different object from an observed flow.
Venue-level distribution — not available
Stablecoin balances held in the registered lending venues — the join that would connect this page to the credit surface directly. Neither the balances nor the join is held today.
Provenance
Supply figures are third-party aggregates from DefiLlama, not read from chain by this protocol. They are reference data for the credit surface and carry that provenance wherever they appear.