Daily Tape · Almanac
Current benchmark: Onchain Dollar Share. Record vocabulary frozen at publication. See terminology history.
Canonical Saturday · frozen at the 16:00 Europe/London cutoff · part of the canonical daily series
Presentation-derived record IDDT-20260926-1bc29c5c39b5Hash stem 1bc29c5c39b5
Record 93 of 93 in the published archive · 89 canonical · 3 bootstrap · 2 declared gaps · Daily Tape history
Onchain Dollar Share
$1 of stablecoins for every $74 of US M2
On this record, USD stablecoin supply of $313.89B stood at 1.3447% of a U.S. M2 money stock of $23.34T, measured against the August 2026 reference month.4 see note 4
Exact stored denominator $23,342,800,000,000.
Stable Briefing
Briefing + Distribution Pack
The presentation edition for this frozen Daily Tape record. Share image, charts, press sheet, copy and checksums are derived from this record and do not change it.
PNG · charts · press sheet · prepared copy · manifest and SHA-256 checksums.
Structure and The Move
The market reading was frozen and published for this date, with current Structure and a Structure Move measured from 25 September 2026.
The Structure Move reports named movement separately from held and unresolved movement. None of it is presented as issuance or redemption, and no Signal is published.
The frozen record itself is unchanged. Move hash e35f58eacbea1786092c065ab5efc016b78e7238c1b6f72e80aeb5cbde27e2c3.
Since the previous record
25 September 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.
Every measure, set beside the previous record
| Measure | 25 September 2026 | 26 September 2026 | Change |
|---|---|---|---|
| Record date | 25 September 2026 | 26 September 2026 | 1 day |
| Onchain Dollar Share | 1.3399% | 1.3447% | +0.0048 pp |
| Published benchmark | 1.34% | 1.34% | unchanged |
| Public expression | $1 per $75 of US M2 | $1 per $74 of US M2 | -1 |
| USD stablecoin supply | $312.78B | $313.89B | +$1.11B |
| U.S. M2 | $23.34T | $23.34T | unchanged |
| M2 reference month | August 2026 | August 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 (August 2026)
- the record schema (version 10)
- the Signal rules version (v5)
Constituent breakdown
The frozen record's original constituent movement field remains unavailable. Current Structure and the authenticated 25 September 2026 → 26 September 2026 Move are published separately; the Move does not rewrite this record.
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-20260926-1bc29c5c39b5Presentation-derived from the frozen date and hash stem.- Record date
- Official cutoff
- 16:00 Europe/London
- Snapshot captured
- 26 September 2026, 15:00:00 UTC
- Record frozen
- 26 September 2026, 15:00:00 UTC
- Record status
- PUBLISHED READING
- Permanent route
https://stabletape.com/tape/2026-09-26
- Numerator source
- DeFiLlama
defillama - Denominator source
- FRED M2SL
FRED:M2SL - M2 reference month
- August 2026
- Constituent movement basis
schema10-component-envelope- Daily aggregate method
daily-aggregate-change-v1- Daily aggregate records
2026-09-25 de98c271f365fc6151c751ed324dd94382c38ed682206114c34b387f38f311a9to2026-09-26 (current record hash shown above)- ODS change method
ods-change-v1- ODS change records
2026-09-25 f813ab4333b280604f2899f275a7830a7baffae41277e71f6ec4a6bebcdfc28ato2026-09-26 (current ODS component hash shown above)- Source integrity
PASSstable-tape-minimal-canonical-daily-record-v1Resolution: schema10-supply-core- Schema version
- 10
How this record was assembled and verified
Snapshot pair and continuity
- Previous record closed at (25 September 2026)
d9de75d0-bbeb-47c2-890a-46346fa84f952026-09-25T15:00:00.257Z · null rows · $312.78B - This record closed at
7834ea29-f44a-4e32-bc1e-0b5086bd34d82026-09-26T15:00:00.277Z · null rows · $313.89B
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
- 26 September 2026, 15:00:00 UTC
Record hash1bc29c5c39b5032dfaa81477483ae75cb7885c7933e0cd7d5a0e8d5dca126a7b
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. Market change 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.
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, 2026-09-26: ODS was $1 of stablecoins for every $74 of US M2, based on $313.89B USD stablecoin supply and $23.34T U.S. M2 as of 2026-08-01. Source: DeFiLlama (stablecoin supply) + FRED M2SL (U.S. M2). https://stabletape.com/tape/2026-09-26
Other citation formats
- Short referencepresentation and social
Stable Tape, Daily Tape 2026-09-26: Onchain Dollar Share 1.34% ($1 of stablecoins for every $74 of US M2). https://stabletape.com/tape/2026-09-26
- Footnotereport, policy and research
Stable Tape, “Daily Tape: 26 September 2026”, Onchain Dollar Share 1.3447% of U.S. M2 (August 2026); USD stablecoin supply $313.89B. Accessed at https://stabletape.com/tape/2026-09-26. Record ID DT-20260926-1bc29c5c39b5.
- Data notejournalism and chart sources
Source: Stable Tape Daily Tape record 2026-09-26 (https://stabletape.com/tape/2026-09-26). Numerator: USD stablecoin supply, DeFiLlama. Denominator: U.S. M2, FRED M2SL, August 2026. Frozen record; values are not revised.
Permanent address https://stabletape.com/tape/2026-09-26. Hash stem 1bc29c5c39b5. 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.