Daily Tape · Almanac
Current benchmark: Onchain Dollar Share. Record vocabulary frozen at publication. See terminology history.
Canonical Monday · frozen at the 16:00 Europe/London cutoff · part of the canonical daily series
Presentation-derived record IDDT-20260928-0a5dbe824804Hash stem 0a5dbe824804
Record 95 of 95 in the published archive · 91 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 $313.04B stood at 1.3410% of a U.S. M2 money stock of $23.34T, measured against the August 2026 reference month.3 see note 3
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 27 September 2026.
The Structure Move reports named movement separately from held and unresolved movement. None of it is presented as issuance or redemption.
The frozen record itself is unchanged. Move hash 756cf3a26e5bf47c6363daeec57ef149b912a99131b0af3363c98f4e52f466ea.
Since the previous record
27 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 | 27 September 2026 | 28 September 2026 | Change |
|---|---|---|---|
| Record date | 27 September 2026 | 28 September 2026 | 1 day |
| Onchain Dollar Share | Unavailable | 1.3410% | no comparison |
| Published benchmark | Unavailable | 1.34% | no comparison |
| Public expression | Unavailable | $1 per $75 of US M2 | no comparison |
| USD stablecoin supply | $312.99B | $313.04B | +$41.4M |
| U.S. M2 | Unavailable | $23.34T | no comparison |
| M2 reference month | not stored | August 2026 | no comparison |
| 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 |
No U.S. M2 denominator is stored on the previous record, so no denominator comparison is made and no split between numerator and denominator is shown.3 see note 3
What did not change
- 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 27 September 2026 → 28 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-20260928-0a5dbe824804Presentation-derived from the frozen date and hash stem.- Record date
- Official cutoff
- 16:00 Europe/London
- Snapshot captured
- 28 September 2026, 15:00:00 UTC
- Record frozen
- 28 September 2026, 15:00:00 UTC
- Record status
- PUBLISHED READING
- Permanent route
https://stabletape.com/tape/2026-09-28
- 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
2026-09-27 43685c5e133f7dd7ccdcdc27545c60ba694456a8718762019cdb592327785ab5to2026-09-28 (current record hash shown above)- ODS change method
ods-change-v1- ODS change records
- Unavailable: PRIOR_ODS_UNAVAILABLE
- 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 (27 September 2026)
ad60ad90-1543-4efe-a28a-0a425480b91b2026-09-27T15:00:00.560Z · null rows · $312.99B - This record closed at
50720f20-ccf7-4262-93bb-266b0a4f05dc2026-09-28T15:00:00.225Z · null rows · $313.04B
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
- 28 September 2026, 15:00:00 UTC
Record hash0a5dbe8248049c7448b91712069d5ac53264b3fd69bca4ed812c7409e6ea8c51
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.
- 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, 2026-09-28: ODS was $1 of stablecoins for every $75 of US M2, based on $313.04B 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/2026-09-28
The public record view may withhold per-asset values and named attribution during the distribution-rights review; the frozen record and its hash are unchanged. Frozen record hash (SHA256) 0a5dbe8248049c7448b91712069d5ac53264b3fd69bca4ed812c7409e6ea8c51
Other citation formats
- Short referencepresentation and social
Stable Tape, Daily Tape 2026-09-28: Onchain Dollar Share 1.34% ($1 of stablecoins for every $75 of US M2). https://stabletape.com/tape/2026-09-28
- Footnotereport, policy and research
Stable Tape, “Daily Tape: 28 September 2026”, Onchain Dollar Share 1.3410% of U.S. M2 (August 2026); USD stablecoin supply $313.04B. Accessed at https://stabletape.com/tape/2026-09-28. Record ID DT-20260928-0a5dbe824804.
- Data notejournalism and chart sources
Source: Stable Tape Daily Tape record 2026-09-28 (https://stabletape.com/tape/2026-09-28). 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/2026-09-28. Hash stem 0a5dbe824804. 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.