ON-CHAIN DOLLAR LIQUIDITY. MINTING. REDEMPTIONS. CAPITAL ROTATION.

Stablecoin
Flows

Real-time intelligence on stablecoin issuance, redemptions, exchange deposits, on-chain velocity, and how dollar liquidity moves into Bitcoin markets.

Total Stablecoin Supply

$162.4B +2.9%

24H Net Minting

$884.7M +35.2%

Exchange Inflows (24H)

$2.15B +28.4%

On-Chain Velocity (7D)

2.41x +6.8%

BTC Spot Support (7D)

$4.32B +9.7%

Redemption Pressure (7D)

0.59 −12.6%

How Stablecoin Flows Are Measured

1. Issuance & Redemptions

We track minting and redemptions across major stablecoins to measure net dollar liquidity entering or leaving the crypto ecosystem.

2. Exchange Deposits

Stablecoin inflows to centralized exchanges are monitored as a leading indicator of potential buying power and capital deployment.

3. On-Chain Velocity

Velocity measures how quickly stablecoins move on-chain, indicating settlement activity and demand intensity across protocols.

4. Bitcoin Demand Signals

We combine stablecoin flows with spot volumes, ETF flows, and order book depth to quantify demand support for Bitcoin.

Stablecoin Supply by Asset

As of May 18, 2025

USDT
$110.2B 67.8%
USDC
$32.6B 20.1%
DAI
$5.21B 3.2%
FDUSD
$3.12B 1.9%
TUSD
$2.84B 1.7%
0 $40B $80B $120B $160B

Minting & Redemption Snapshot (24H)

Minting

$1.84B

+35.2%

Redemptions

$0.96B

−18.5%

Net Minting

$884.7M

+35.2%

Capital Rotation Signals

Stablecoin
Exchange Inflow (24H)

$2.15B

+28.4% Strong

Spot Buying Support
(7D)

$4.32B

+9.7% Strong

ETF Spillover (7D)

$1.68B

+12.1% Positive

Risk Appetite Index
(7D)

61 / 100

Moderate

Why Liquidity Drives Bitcoin Markets

1

Dollar Liquidity Transmission

Stablecoins are the on-chain rail for dollar liquidity. Inflows represent fresh buying power entering the crypto market.
2

Capital Deployment Signal

Exchange deposits and velocity reveal how quickly capital is being positioned and rotated into high-conviction assets like Bitcoin.
3

Early Market Indicator

Stablecoin flows often lead price action by hours to days, providing an early signal of demand shifts and market inflections.
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FEATURED REPORT

Stablecoin Flow Outlook 2026

The comprehensive institutional guide to stablecoin supply dynamics, exchange flows, on-chain velocity, and their impact on Bitcoin market liquidity and price discovery.

Supply Dynamics

& Forecasts

Exchange Flow

Analysis

Capital Rotation

Framework

BTC Demand

Impact

Latest Stablecoin Insights

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Why Stablecoin Minting Matters

How new issuance fuels liquidity cycles and BTC market expansions.

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Exchange Inflows as a BTC Signal

How deposits to exchanges reveal buying intent and capital readiness.

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USDT vs USDC Market Share

Analyzing dominance shifts and what they mean for liquidity conditions.

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How Redemptions Affect Liquidity

Understanding redemption waves and their impact on market stability.

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Stablecoins and ETF Spillover

The connection between stablecoin flows and institutional ETF demand.

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Reading On-Chain Dollar Velocity

Why velocity is a leading indicator of market activity and capital rotation.

Multi-Chain Data

Aggregated from Ethereum, Tron, BNB Chain, Arbitrum, Solana, and other major networks.

Real-Time Monitoring

Continuously monitor minting, redemptions, exchange flows, and on-chain velocity 24/7.

Cross-Asset Analysis

Integrated with BTC markets, ETFs, derivatives, and macro liquidity indicators for full context.

Institutional Framework

Built for allocators, treasuries, family offices, and funds that demand precision and transparency.

Transparent Methodology

Clear methodologies, open definitions, and verifiable data sources with full disclosure.