1 of 3 tracked series are rising over 7 days; 2 are falling. More supply means more tokenized-dollar capacity — not automatically more crypto buying.
Which supply is moving?
The 7-day move is the main number. Current supply and shorter/longer windows sit underneath it.
7-day change, side by side
Right means expanding supply. Left means contracting supply.
Bar length compares percentage-change magnitude, not supply size or market share.
USDe is the biggest 7-day mover at +6.10%. The broader direction is mixed across the 3 tracked series. More stablecoin supply can expand settlement, collateral and trading capacity, but it does not by itself show that those dollars are moving into BTC, ETH or other risk assets.
Details, sources and caveats
Open these only when you need the exact definition or citation.
What exactly is being measured?
USDC — supply in circulation. Circle-reported USDC in circulation across supported chains; Cryptophia validates the per-chain decimal sum against the issuer total. Circle source.
DAI — Ethereum supply. Canonical Ethereum ERC-20 totalSupply(). It is not presented as global DAI because bridged and Teleport accounting make a simple additive global total unsafe. Sky documentation.
USDe — global supply. Canonical Ethereum USDe totalSupply() is used as global economic supply under the verified supply-preserving cross-chain equivalence; destination representations are not added. Ethena documentation.
Why is USDT not shown?
USDT is not currently part of the automated public monitor because Cryptophia has not cleared a structured primary-source route for scheduled commercial reuse. I would rather leave the largest stablecoin out than mix a weaker or differently licensed data route into a source-standardised monitor.
Why does 30D say “Building”?
A 30-day change appears only when a real observation exists 696–744 hours earlier. Comparative history also waits for a genuine overlapping primary-source window. Missing history is not estimated or backfilled.
What does supply growth not prove?
It does not by itself establish spot buying pressure, investor intent, reserve quality, peg safety or future price direction. Supply is a liquidity-capacity input, not a standalone market call.
Copy citation-ready data
Canonical URL: https://cryptophiaresearch.com/stablecoin-supply-monitor/