Daily Tape · Almanac
Current benchmark: Onchain Dollar Share. Record vocabulary frozen at publication. See terminology history.
Canonical Thursday · frozen at the 12:00 UTC cutoff · part of the canonical daily series
Presentation-derived record IDDT-20260820-520b9d6c2dcdHash stem 520b9d6c2dcd
Record 58 of 58 in the published archive · 54 canonical · 3 bootstrap · 2 declared gaps · Daily Tape history
The previous published record is 18 August 2026, 2 days earlier.
Onchain Dollar Share
$1 of stablecoins for every $75 of US M2
On this record, USD stablecoin supply of $307.63B stood at 1.3286% of a U.S. M2 money stock of $23.16T, measured against the June 2026 reference month.4 see note 4
Exact stored denominator $23,155,200,000,000.
Since the previous record
18 August 2026 is the previous published record, 2 days earlier. Both records are frozen; the change below is the difference between two figures that were each written once and are never revised.
| Measure | 18 August 2026 | 20 August 2026 | Change |
|---|---|---|---|
| Record date | 18 August 2026 | 20 August 2026 | 2 days |
| Onchain Dollar Share | 1.3256% | 1.3286% | +0.0029 pp |
| Published benchmark | 1.33% | 1.33% | unchanged |
| Public expression | $1 per $75 of US M2 | $1 per $75 of US M2 | unchanged |
| USD stablecoin supply | $306.95B | $307.63B | +$679.3M |
| U.S. M2 | $23.16T | $23.16T | unchanged |
| M2 reference month | June 2026 | June 2026 | unchanged |
| Stored net movement1 see note 1 | n/a | n/a | each record stores its own |
| Gross expansion2 see note 2 | n/a | n/a | each record stores its own |
| Gross contraction2 see note 2 | n/a | n/a | each record stores its own |
The stored U.S. M2 denominator did not change between these two records, so no split between numerator and denominator is shown and none is claimed. The whole of the benchmark movement above sits in the numerator.4 see note 4
What did not change
- the stored U.S. M2 denominator
- the M2 reference month (June 2026)
- the record schema (version 9)
- the public expression (1 in 75)
What moved
Daily movement is unavailable. Daily movement and constituent attribution are unavailable because one or more constituent readings did not pass structural checks. The frozen supply level remains available; no multi-day change is relabelled as a daily move.
Colophon
How this record was made, printed with it so the two cannot be separated. Every field is read from the frozen record and never recomputed from live data.
- Record ID
DT-20260820-520b9d6c2dcdPresentation-derived from the frozen date and hash stem.- Record date
- Official cutoff
- 12:00 UTC
- Snapshot captured
- 20 August 2026, 12:00:00 UTC
- Record frozen
- 20 August 2026, 12:30:00 UTC
- Record status
- CanonicalThe designated market observation passed market-level requirements; constituent breakdowns and daily movement are unavailable.
- Permanent route
https://stabletape.com/tape/2026-08-20
Snapshot pair and continuity
- Previous record closed at (18 August 2026)
snapshot-20260818T120000.250Z-48e61052ab4d.json2026-08-18T12:00:00.250Z · null rows · $0 - This record closed at
snapshot-20260820T120000.209Z-290ea5280dd4.json2026-08-20T12:00:00.209Z · null rows · $0
Continuity boundary: declared archive gap. No predecessor snapshot is available to join this record to.
The benchmark on this record is read from the closing snapshot. The movement is measured across the opening and closing pair.1 see note 1
This record stores no reconciliation block, so no agreement check is shown and none is claimed.
Integrity
- Canonicalisation
stable-json-v1- Hash algorithm
sha256- Computed at
- 20 August 2026, 12:30:00 UTC
Record hash520b9d6c2dcd1057f2ad3777ca7ed289128a6576136f3f49c9965ce527662fd3
The hash attests that these stored bytes are unchanged since the record was frozen. It does not attest that the source figure was right; the archive keeps those two claims separate.
SOURCE NOTE
The designated source reported a usable market total, but one or more constituent readings failed Stable Tape's structural checks. The market-level reading is preserved as reported; affected breakdowns are unavailable for this reading.
Notes
- Net movement is the figure this record stored, measured between the two source snapshots named in the colophon. It is not the difference between two published supply levels, and it is not transaction-level mint or burn data.
- Gross expansion and gross contraction are measured separately and cannot be derived from net movement alone. A record with small net movement can still carry large activity in both directions.
- A contributor’s share of net movement is a share of the residual net figure, not of the day’s gross activity. Both are printed together wherever a share appears, because a contributor can represent almost all of a small net figure while being a modest part of the activity behind it.
- U.S. M2 is a monthly series published by FRED, typically lagged four to six weeks. Each record carries the reference month that was in force when it was frozen. No daily M2 value is interpolated between months.
- The previous record is the previous published record in the archive, which is not always the previous calendar day. Declared archive gaps are stepped over, never closed up.
Citation
Cite the record, not the route index. A record cannot change; the archive grows. Every form below expresses the same frozen record and adds no claim to it.
Stable Tape Daily Record, 2026-08-20: ODS was $1 of stablecoins for every $75 of US M2, based on $307.63B USD stablecoin supply and $23.16T U.S. M2 as of 2026-06-01. Source: DeFiLlama (stablecoin supply) + FRED M2SL (U.S. M2). https://stabletape.com/tape/2026-08-20
- Short referencepresentation and social
Stable Tape, Daily Tape 2026-08-20: Onchain Dollar Share 1.33% ($1 of stablecoins for every $75 of US M2). https://stabletape.com/tape/2026-08-20
- Footnotereport, policy and research
Stable Tape, “Daily Tape: 20 August 2026”, Onchain Dollar Share 1.3286% of U.S. M2 (June 2026); USD stablecoin supply $307.63B. Accessed at https://stabletape.com/tape/2026-08-20. Record ID DT-20260820-520b9d6c2dcd.
- Data notejournalism and chart sources
Source: Stable Tape Daily Tape record 2026-08-20 (https://stabletape.com/tape/2026-08-20). Numerator: USD stablecoin supply, DeFiLlama. Denominator: U.S. M2, FRED M2SL, June 2026. Frozen record; values are not revised.
Permanent address https://stabletape.com/tape/2026-08-20. Hash stem 520b9d6c2dcd. No export is offered that this archive does not publish.
Further contextDerived windows, subordinate to this record
These figures describe a window of recent canonical records, not this one. They are derived, they are not part of the frozen record, and they carry none of its guarantees.
Recent state is unavailable because the selected record is not present in a validated canonical history window.
ODS = USD stablecoin supply ÷ US M2. Numerator: total USD-denominated stablecoin supply (DeFiLlama). Denominator: U.S. M2 money stock, seasonally adjusted (FRED M2SL), typically lagged 4–6 weeks. Each record is frozen at its stated cutoff and never recomputed from live data. The /tape entry points to the latest canonical dated record. Methodology.