Stable Tape Daily Tape
Daily Tape: 2026-06-27
Canonical 12:00 UTC cutoff. This permalink is rendered from the frozen Daily Tape record for the date shown — its Stablecoin Signal, evidence line, and figures — and is a shareable, citable record.
Audit notes
Display headline reclassified using headline-classifier v2 on unchanged frozen record data (reclassified 2026-07-05): primary signal reselected from ddd_threshold to net_move. No source benchmark/movement field was modified; the DDD %, 1-in-N, supply, and net figures are unchanged.
Display headline copy fix (2026-07-05): removed "outstanding" wording from the Tier-6 net_move template ("…contracted $X, to $YB outstanding." -> "…contracted $X to $YB."). Re-run of headline-classifier v2 on unchanged frozen record data; no source benchmark/movement field was modified.
Display headline reclassified using headline-classifier v3 on unchanged frozen record data (reclassified 2026-07-05): primary signal reselected from net_move to reversal — this day ended the 2026-06-23..06-26 contraction run, which the v3 reversal tier surfaces. No source benchmark/movement field was modified; the DDD %, 1-in-N, supply, and net figures are unchanged.
Frozen at 12:00 UTC on 2026-06-27. This record does not change. Selected by fixed public rules, not by an editor or AI — a market observation, not a trading signal.
+$625M net today · $1.28B expanded · $658M contracted
Why this Signal? Sequence reversal — The current move recovered enough of the prior opposite run, clearing the 65% threshold with both legs above $250M.
It was the highest-priority eligible Signal under the published rules.
How the Signal is selected →How this Signal was selected
Stored selection rules v3Winning family: Sequence reversal. This was the highest-priority eligible Signal for the record.
- 1Record validityOnly a complete canonical Daily Tape record can produce a market Signal.
- 2DDD benchmark or milestoneA material DDD move, rounded 1-in-N milestone, or genuinely denominator-driven M2 update.
- 3Archive extremeThe largest same-direction daily move in a sufficiently deep canonical archive.
- 4Sequence reversalA material move reverses or interrupts the immediately preceding run in the other direction.Selected for this record
- 5Weekly extremeThe largest daily move in the latest complete seven-record window.
- 6Large daily movementA net daily supply move clears the published large-movement floor.
- 7Multi-day streakSupply keeps moving in the same direction across contiguous canonical days.
- 8Weekly supply trendThe seven-record supply level continues a material directional trend.
- 9Quiet market with weekly contextA quiet day is placed in the context of the complete seven-record trend.
- 10Issuer or chain trendA clean endpoint-confirmed issuer or chain move explains the weekly change.
- 11Offsetting movementLarge opposing supply changes leave the net daily move close to flat.
- 12Broad issuer movementMovement is broad across major issuers rather than concentrated in one name.
- 13Quiet readingSupply remains inside the published flat threshold after stronger families are tested.
- 14Net supply movementThe plain directional daily movement when no more specific family is eligible.
Stable Tape tests each canonical record against these published families in order. Eligibility includes materiality, repetition, attribution and data-quality guards. View exact thresholds and wording rules →
- DDD DDD edged up to 1.36%, equivalent to 1 in 74 U.S. dollars.
- Supply Supply expanded $625M.
- Issuer Concentrated movement detected; attribution confidence limited.
- Chain BSC concentrated the move.
- Currency Concentrated movement detected; attribution confidence limited.
Signal wording uses rounded figures; the tables above show the exact frozen values.
Selection rules v3 · changes apply only to future records
Benchmark
Source basis
Movement totals
Top moves
| Top expansion | USDX · USDX Money (+$683.4M) |
| Top contraction | USDTB · Ethena USDtb (-$192.8M) |
Drivers
| Issuer driver | USDX Money (+$683.4M) |
| Chain driver | BSC (+$502.8M) |
| Currency driver | US Dollar (+$626.1M) |
Snapshot basis
| Current snapshot | 2026-06-27T12:35:35.813Z |
| Previous snapshot | 2026-06-26T12:51:55.101Z |
| Provenance | owned-snapshots |
| Record hash (SHA-256) | 52316594fa2556cf… |
Citation
Stable Tape Daily Record, 2026-06-27: DDD was 1 in 74 dollars, based on $312.67B USD stablecoin supply and $23.05T U.S. M2 as of 2026-05-01. Source: DeFiLlama (stablecoin supply) + FRED M2SL (U.S. M2). https://stabletape.com/tape/2026-06-27
Methodology
DDD = USD stablecoin supply ÷ U.S. M2. Numerator: total USD-denominated stablecoin supply (source: DeFiLlama). Denominator: U.S. M2 money stock, seasonally adjusted (source: FRED M2SL), typically lagged 4–6 weeks from the record date.
Each record is frozen at the 12:00 UTC cutoff and never recomputed from live data. This permalink always serves the frozen record values and its own dated share card and social preview. The live /tape page collects until the next cutoff.