Stablecoin Supply Growth (30d)

This compares the stablecoin balance hosted on a chain today against the balance thirty days ago. Because stablecoins are the main settlement asset on most networks, the series is read as a measure of how much settlement capacity is arriving on or leaving a chain. It combines new issuance, redemptions and movement across bridges into one number.

Comment c'est calculé

(stablecoin supply on the chain now / stablecoin supply on the chain 30 days ago - 1) x 100

Où cela induit en erreur

The number cannot distinguish new issuance from migration: when supply bridges from one chain to another, one chain shows growth and another shows an equal decline with no new dollars entering the system anywhere. A single institutional mint or redemption can move a smaller chain's figure by a large percentage, so the series is often one counterparty rather than a trend. Mints settle on-chain instantly while redemptions depend on banking hours and issuer processing, which introduces a timing asymmetry at period boundaries. Chains that run deposit incentive programs attract stablecoin balances temporarily and give them back when the program ends.

La comparaison avec les actions, et pourquoi elle ne tient pas

Deposit growth at a bank. The analogy fails because there is no depositor relationship or funding cost; balances move between chains at a bridge operator's speed and no institution retains them.

Interpréter une valeur haute ou basse

A positive value means more stablecoin value is recorded on the chain than a month ago and a negative value means less. Check whether the change coincides with a bridge migration before reading it as new issuance.