Daily Tape · Almanac
Current benchmark: Onchain Dollar Share. Record vocabulary frozen at publication. See terminology history.
LEVEL-ONLY RECORD Thursday · level frozen at the 12:00 UTC cutoff · constituent breakdown unavailable
Presentation-derived record IDDT-20260827-5284c755a00eHash stem 5284c755a00e
Record 64 of 64 in the published archive · 60 canonical · 3 bootstrap · 2 declared gaps · Daily Tape history
Onchain Dollar Share
$1 of stablecoins for every $75 of US M2
On this record, USD stablecoin supply of $310.87B stood at 1.3389% of a U.S. M2 money stock of $23.22T, measured against the July 2026 reference month.5 see note 5
Exact stored denominator $23,218,000,000,000.
LEVEL-ONLY RECORD
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.
Transparency note
The governed 27 August reading has been recovered and published.
This record stands as published. Its frozen values and its record hash are unchanged, and nothing here replaces them.
Since the previous record
26 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.
| Measure | 26 August 2026 | 27 August 2026 | Change |
|---|---|---|---|
| Record date | 26 August 2026 | 27 August 2026 | 1 day |
| Onchain Dollar Share | 1.3393% | 1.3389% | -0.0004 pp |
| Published benchmark | 1.34% | 1.34% | unchanged |
| Public expression | $1 per $75 of US M2 | $1 per $75 of US M2 | unchanged |
| USD stablecoin supply | $310.11B | $310.87B | +$757.0M |
| U.S. M2 | $23.16T | $23.22T | +$62.80B |
| M2 reference month | June 2026 | July 2026 | reference advanced |
| 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 denominator moved on this record
The stored U.S. M2 reference advanced from June 2026 to July 2026, from $23,155,200,000,000 to $23,218,000,000,000. Separating the numerator and the denominator is arithmetic on those two stored figures.4 see note 4
- +0.0033 pp measured against the previous denominator, so accounted for by stablecoin supply
- -0.0036 pp accounted for by the reference month advancing
- -0.0004 pp total movement in the precise benchmark on this record
This is arithmetic on two stored denominators. It is not an estimate of economic causality, and it does not attribute the movement to any decision or event. How the benchmark is calculated.
What did not change
- the record schema (version 10)
- the public expression (1 in 75)
Constituent breakdown
Unavailable for this fixing. The Movement figure above is the accepted market-total change and carries no issuer or chain attribution.
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-20260827-5284c755a00ePresentation-derived from the frozen date and hash stem.- Record date
- Official cutoff
- 12:00 UTC
- Snapshot captured
- 27 August 2026, 12:01:03 UTC
- Record frozen
- 27 August 2026, 12:01:03 UTC
- Record status
- LEVEL-ONLY RECORD
- Permanent route
https://stabletape.com/tape/2026-08-27
- Numerator source
- DeFiLlama
defillama - Denominator source
- FRED M2SL
FRED:M2SL - M2 reference month
- July 2026
- Movement basis
schema10-component-envelope- Daily aggregate method
daily-aggregate-change-v1- Daily aggregate records
2026-08-26 0b547a1e9e3a5c46ba21d5b56822ec702198acb532ace9f3e7680296a5a1dc2eto2026-08-27 (current record hash shown above)- Source integrity
PASSstable-tape-minimal-canonical-daily-record-v1Resolution: schema10-supply-core- Schema version
- 10
Snapshot pair and continuity
- Previous record closed at (26 August 2026)
f2d9f7ab-aeea-48a3-88a5-6c8fb3068d642026-08-26T12:00:00.216Z · null rows · $310.11B - This record closed at
e169a927-3e16-4a0b-9a8e-47482082000a2026-08-27T12:01:03.053Z · null rows · $310.87B
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.
Integrity
- Canonicalisation
stable-json-v1- Hash algorithm
sha256- Computed at
- 27 August 2026, 12:01:03 UTC
Record hash5284c755a00ea79780559efcf073593edca28c86a591bea9cadec30d61c8b197
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.
Notes
- 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.
- The split is arithmetic on the two stored M2 denominators. Holding the previous denominator fixed isolates the part of the benchmark movement the numerator accounts for; the remainder is what the denominator accounts for. It is arithmetic, not a statement about economic cause.
- 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, 2026-08-27: ODS was $1 of stablecoins for every $75 of US M2, based on $310.87B USD stablecoin supply and $23.22T U.S. M2 as of 2026-07-01. Source: DeFiLlama (stablecoin supply) + FRED M2SL (U.S. M2). https://stabletape.com/tape/2026-08-27
- Short referencepresentation and social
Stable Tape, Daily Tape 2026-08-27: Onchain Dollar Share 1.34% ($1 of stablecoins for every $75 of US M2). https://stabletape.com/tape/2026-08-27
- Footnotereport, policy and research
Stable Tape, “Daily Tape: 27 August 2026”, Onchain Dollar Share 1.3389% of U.S. M2 (July 2026); USD stablecoin supply $310.87B. Accessed at https://stabletape.com/tape/2026-08-27. Record ID DT-20260827-5284c755a00e.
- Data notejournalism and chart sources
Source: Stable Tape Daily Tape record 2026-08-27 (https://stabletape.com/tape/2026-08-27). Numerator: USD stablecoin supply, DeFiLlama. Denominator: U.S. M2, FRED M2SL, July 2026. Frozen record; values are not revised.
Permanent address https://stabletape.com/tape/2026-08-27. Hash stem 5284c755a00e. 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.