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The timeline marks where the ratio accelerated, stalled or reset.
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USD stablecoin supply as a share of U.S. M2, monthly from January 2017.
This page is retained for historical context. For the current citable record, use the latest Daily Tape; for the current metric list, see Metrics.
Stablecoin data: DeFi Llama · M2 data: Federal Reserve (FRED M2SL)
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