Stablecoin Market Monthly Review
Each month's changes in stablecoin supply, issuer share, issuance, chains, activity and pegs, in one dated report with receipts.
Multi-chainEthereumTron+1Report · FolioPlanned
State of Stablecoins 2026: Supply, Share, Usage
What happened to stablecoin supply, issuer share, chains and usage over 2026?
A dated review of stablecoins in 2026: how supply, issuer share, chains and usage changed over the year, every figure with a receipt.
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Blueprint
What the report will cover.
The report as it will open in Folio. Each figure is named here and arrives with its receipt; until its data is published, its place stays empty.
An explainer, dated and cited
State of Stablecoins 2026: Supply, Share, Usage
The year in one paragraph
How much stablecoin supply grew or shrank over the year, where it peaked, the issuer that gained most and how usage changed.
- Supply at the start of the year
- Supply at the end of the year
- Highest daily supply of the year
- Adjusted transfer volume for the year
Supply through the year
Month-end supply by peg and by coin, with the months of fastest growth and of net redemption and the coins behind each.
- Month-end supply by coin
- Net issuance by month
Issuers and market share
How issuer shares moved and which issuers entered or left; how licensing changes in the United States and the EU showed up in supply.
- Issuer share at year start and year end
- Share change by issuer
Where stablecoins live
Supply by chain at both ends of the year, with the chains that gained and lost; bridged supply against native issuance.
- Supply by chain at year end
- Change in supply by chain
How stablecoins were used
Raw and adjusted transfer volume by month and chain, active senders by month and the share of activity that looks like payments.
- Adjusted volume by month
- Active senders by month
- Payment-like share of adjusted volume
Launches, depegs and freezes
Coins launched during the year, the balances issuers froze and every depeg with its depth and length.
- Coins launched in the year
- Depegs and their depth
- Balances frozen by issuers
About
What it answers, and for whom.
This report reviews the stablecoin market across 2026 in one dated document: how much supply was added or redeemed, how issuer shares shifted, which chains gained, how much stablecoins were really used and which coins launched, depegged or were frozen. It is published after the year closes, with every figure pinned to blocks at the start and the end of the year.
It is written for readers who need the year's facts in one place and want to check them: researchers, policy teams, issuers, payment companies and journalists. Each figure is cited to its on-chain reads, and the few facts that come from outside the chain, such as regulatory dates, are cited to their public source.
Method
How it will be measured.
Every figure will be read at a block, kept with its source and its exact read, and open a receipt anyone can re-check.
How receipts work →- Year-start and year-end figures are read at the last block of the last UTC day of each year on every covered chain, so both ends compare the same coins and chains.
- Supply is circulating supply as the stablecoin apps define it: native contract supply minus issuer-held unissued tokens, with bridged copies counted once.
- Usage is adjusted transfer volume, with routing hops, bots, round trips and same-entity transfers removed, reported month by month.
- Launches are coins whose first mint block falls in the year; depegs follow the peg tracker's rule of one full hour more than one percent from the peg.
- The report is dated: its figures are pinned to blocks before its publication date, and any correction appears as a new version with a changelog entry.
The data it needs
Read from chain state and history
- stablecoin_supply_global_dailyPublishedStablecoin supply across every covered chainCross-chain native supply per stablecoin and peg per day, on the latest day every chain has reported.
- stablecoin_supply_totals_dailyPublishedStablecoin supply totals by chain and pegEach chain's native stablecoin supply per peg per day, added up from the per-token rows, never mixing pegs or native and bridged supply.
- stablecoin_flows_dailyTo buildStablecoin mints, burns and transfersStablecoin mints, burns, transfer volume and active addresses per stablecoin and chain per day.
- stablecoinsPublishedStablecoin registryEvery tracked stablecoin contract: issuer, peg, chain, decimals and whether it is native or bridged.
- stablecoin_pegs_dailyTo buildStablecoin pegsHow far each stablecoin trades from its peg, from DEX pool prices and on-chain oracle feeds, with the deepest deviation of each day.
- stablecoin_freezesTo buildStablecoin freezes and blacklistsAddresses frozen or blacklisted by stablecoin issuers, the balances frozen, and later unfreezes or destroyed funds, per stablecoin and chain.
- totalSupply() of every registered stablecoin at the last block of each month and of the year on each covered chain
- Mint, burn and Transfer events per coin and chain, for issuance and adjusted volume
- First mint blocks of coins launched during the year
- DEX pool and oracle prices for depegs, and issuer freeze events
- Regulatory dates and issuer approvals from public sources, cited in the text (off-chain)
Questions
Questions people ask.
When is the State of Stablecoins 2026 published?
After the year ends, once every covered chain has reported its last block of the year. Until then this page shows the plan: the sections, the figures each one will cite and how they will be measured.
How is this report different from the monthly review?
The monthly review covers one month at a time. This report compares the two ends of the year and the path between them, and adds sections that only make sense over a year, such as launches and the year's changes in regulation.
Which stablecoins does the report cover?
Every coin in the stablecoin registry with supply on a covered chain during the year, with dollar and euro coins reported separately. Coins that launched or wound down during the year are included for the months they existed.
Can I check a figure in the report?
Yes. Every figure opens a receipt with the blocks it was read at, the contract calls and the time of the read, so it can be re-run independently.
- Adjusted volume
- Transfer volume with internal routing hops, bot loops, round trips and transfers between one entity's wallets removed.
- Circulating supply
- Supply held outside the issuer's own treasury, with bridged copies counted once.
Related
More apps like this.
Stablecoin Market Cap and Total Supply
Total stablecoin supply across chains, day by day, with its distance from the all-time high and the coins and chains behind it.
Multi-chainEthereumTron+4Stablecoin Market Share by Issuer
Each issuer's share of dollar stablecoin supply today and over time, from Tether and Circle to the newer issuers.
Multi-chainEthereumTron+1Stablecoin Transfer Volume, Adjusted for Bots
How much value stablecoins really move each day once bot loops, internal hops and round trips are removed, by chain and by coin.
Multi-chainEthereumTron+3GENIUS Act Stablecoin Tracker
The US stablecoin law's timeline, the issuers moving into its regime and the on-chain supply of the coins it covers, updated monthly.
Multi-chainEthereumSolana+1Stablecoin List Ranked by Circulating Supply
Every tracked stablecoin with its issuer, peg, backing, chains and circulating supply, in one table you can sort and filter.
Multi-chainEthereumTron+2Build State of Stablecoins 2026: Supply, Share, Usage on verified data.
Start free in Voltfin Studio: boards, tables and reports where every number opens its receipt. Tell us which data you need first and we will build it next.