25 August 2026

Onchain Dollar Share

August 2026

LEVEL-ONLY RECORD

Since the previous record

Constituent breakdown

Daily Assessment

Colophon

Citation

What did not change

Snapshot pair and continuity

Integrity

SOURCE NOTE

Notes

Daily Tape · Almanac

Current benchmark: Onchain Dollar Share. Record vocabulary frozen at publication. See terminology history.

LEVEL-ONLY RECORD Tuesday · level frozen at the 12:00 UTC cutoff · constituent breakdown unavailable

Presentation-derived record IDDT-20260825-665e1bde6a7bHash stem 665e1bde6a7b

Record 62 of 62 in the published archive · 58 canonical · 3 bootstrap · 2 declared gaps · Daily Tape history

$1 of stablecoins for every $75 of US M2

On this record, USD stablecoin supply of $310.28B stood at 1.3400% of a U.S. M2 money stock of $23.16T, measured against the June 2026 reference month.⁴ see note 4

USD stablecoin supply

$310.28B

$310,276,137,111

Share of US M2 (%)

1.3400%

Stored share of U.S. M2

Movement

+$1,335,826,428 (+0.43239%)

Accepted market total versus 24 August 2026.

U.S. M2

$23.16T

June 2026 reference month · M2 as of: 2026-06-01

Published benchmark

1.34%

Rounded ODS for reading

Exact stored denominator $23,155,200,000,000.

19 records · 1 withdrawn · 6 level-only · 1 formally corrected · 6 no reading

Canonical record
Withdrawn record
Bootstrap record
Declared gap, no record
No reading

July 2026 All months in the archive

The supply level and benchmark were frozen for this date, but the constituent breakdown could not be determined.

No constituent attribution or Signal is published. The missing constituent detail is not zero.

24 August 2026 is the previous published record, 1 day earlier. Both records are frozen; the change below is the difference between two figures that were each written once and are never revised.

Previous record24 August 20261.3342%$308.94B supplyM2 June 2026

This record25 August 20261.3400%$310.28B supplyM2 June 2026

This record set beside the previous published record
Measure	24 August 2026	25 August 2026	Change
Record date	24 August 2026	25 August 2026	1 day
Onchain Dollar Share	1.3342%	1.3400%	+0.0058 pp
Published benchmark	1.33%	1.34%	+0.01 pp
Public expression	$1 per $75 of US M2	$1 per $75 of US M2	unchanged
USD stablecoin supply	$308.94B	$310.28B	+$1.34B
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

the stored U.S. M2 denominator
the M2 reference month (June 2026)
the public expression (1 in 75)

Unavailable for this fixing. The Movement figure above is the accepted market-total change and carries no issuer or chain attribution.

Net constituent movement

n/a

Unavailable for this fixing

A rolling, rules-based comparison of this frozen record with prior canonical records. It is subordinate to the figures and never replaces them.

Selected family ODS

ODS stands at 1.34%.

1.34% of U.S. M2 · $1 of stablecoins for every $75 of US M2 · M2 as of 2026-06-01

Official cutoff 12:00 UTC. Frozen record for 2026-08-25. This record does not change. Selected by fixed public rules, not by an editor or AI — a market observation, not a trading signal.

How this Daily Assessment was selected14 published rule families and selection detail

Winning family metadata was not stored. This legacy record keeps its frozen assessment without inferring a current rule version.

1Record validityOnly a complete canonical Daily Tape record can produce a market Daily Assessment.
2ODS benchmark or milestoneA material ODS move, reciprocal 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.
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 latest seven canonical records show a material directional endpoint trend.
9Quiet market with weekly contextA quiet day is placed in the context of the latest 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 checks. View exact thresholds and wording rules →

Assessment wording uses rounded figures; the tables above show the exact frozen values.

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-20260825-665e1bde6a7bPresentation-derived from the frozen date and hash stem.
Record date: 25 August 2026
Official cutoff: 12:00 UTC
Snapshot captured: 25 August 2026, 12:00:00 UTC
Record frozen: 25 August 2026, 12:00:00 UTC
Record status: CanonicalA verified irreducible market reading established canonical Supply; lower components retain independent status.
Permanent route: https://stabletape.com/tape/2026-08-25

Numerator source: DeFiLlama defillama
Denominator source: FRED M2SL FRED:M2SL
M2 reference month: June 2026
Movement basis: schema10-component-envelope
Daily aggregate method: daily-aggregate-change-v1
Daily aggregate records: 2026-08-24 0e45c1047f5db1549c92fe3e12ed606eeead98336291e5ba8b540927fddaacf1to2026-08-25 (current record hash shown above)
Source integrity: PASS stable-tape-minimal-canonical-daily-record-v1Resolution: schema10-supply-core
Schema version: 10

Previous record closed at (24 August 2026)afe83d6f-d0fb-4fee-aeb8-3d70dfc01a9d2026-08-24T12:00:00.271Z · 755 rows · $308.94B
This record closed at894f31bd-737c-4373-b459-e6a81b26e22d2026-08-25T12:00:00.165Z · null rows · $310.28B

Snapshot identifiers are not stored on both records. 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.

Canonicalisation: stable-json-v1
Hash algorithm: sha256
Computed at: 25 August 2026, 12:00:00 UTC

Record hash665e1bde6a7b7e0726f46ad1b005aea8dfa0dea9c25c39d17a4824804da5a429

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.

Schema 10 canonicality is bound only to the irreducible market reading and Supply coreHash.

Net constituent 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. Primary Movement is the distinct market-level comparison.
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.

14Required source-continuity checks did not support a valid Daily Tape record for this date.

15Stable Tape preserved the day's source evidence, but the checks needed to support a valid Daily Tape record were not resolved by the decision deadline.

16Required source-continuity checks did not support a valid Daily Tape record for this date.

17Required source-continuity checks did not support a valid Daily Tape record for this date.

19Stable Tape preserved the day's source evidence, but the checks needed to support a valid Daily Tape record were not resolved by the decision deadline.

21Stable Tape captured and preserved the day's source evidence, but an internal publication check failed before a valid Daily Tape record could be frozen.

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, 2026-08-25: ODS was $1 of stablecoins for every $75 of US M2, based on $310.28B 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/2026-08-25

Permanent record This record as JSON Methodology Developers and API

Short referencepresentation and social: Stable Tape, Daily Tape 2026-08-25: Onchain Dollar Share 1.34% ($1 of stablecoins for every $75 of US M2). https://stabletape.com/tape/2026-08-25
Footnotereport, policy and research: Stable Tape, “Daily Tape: 25 August 2026”, Onchain Dollar Share 1.3400% of U.S. M2 (June 2026); USD stablecoin supply $310.28B. Accessed at https://stabletape.com/tape/2026-08-25. Record ID DT-20260825-665e1bde6a7b.
Data notejournalism and chart sources: Source: Stable Tape Daily Tape record 2026-08-25 (https://stabletape.com/tape/2026-08-25). 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/2026-08-25. Hash stem 665e1bde6a7b. 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

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.

Every record in the Daily Tape history