DDD // Digital Dollar Dominance
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Digital Dollar Dominance The scoreboard for stablecoin adoption

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DDD tracks how much of the dollar system has moved onchain, who controls that shift, and where stablecoin liquidity is growing.

The backdrop is the benchmark in motion. Teal marks stablecoin dollars, grey marks the rest of US M2.

Teal dots = stablecoin dollars Grey dots = all other US dollars

DDD is the map. Are You Stable is the route planner.

DDD Ratio
1.41%
▲ +0.35 pts YoY
Stablecoin Supply $319B
÷
US M2 $22.7T
=
DDD — 24h 1.41%
7 Day
30 Day
90 Day
1 Year
Stablecoin Supply $319B US M2 $22.7T Session  UTC
Public benchmark
The scoreboard for stablecoin adoption.

DDD tracks how much of the dollar system has moved onchain, who controls that shift, and where stablecoin liquidity is growing.

Stablecoins now represent a measurable share of the dollar system. DDD keeps that benchmark public, citable, and comparable over time.

Market structure now
Who controls the shift, and where liquidity is settling.

The scoreboard is only the first layer. Underneath it, supply is still concentrated across a small set of issuers and settlement networks, and that concentration shapes how stablecoin adoption actually scales.

Issuers

Issuance is concentrated.

Tether and Circle account for most tracked supply.

Supply by issuer 23 tracked
Tether (USDT) 56.0%
Circle (USDC) 28.0%
Ethena (USDe) 5.2%
Sky (USDS) 3.1%
PayPal (PYUSD) 1.8%
Other (18) 5.9%
View issuers →
Chains

Settlement is concentrated.

Ethereum leads, with Tron and Solana making up much of the rest.

Supply by chain 18 tracked
Ethereum 52.3%
Tron 28.1%
Solana 8.4%
BSC 4.2%
Base 3.1%
Arbitrum 2.0%
View chains →
History
The benchmark in historical context.

DDD is designed to be citable. The history layer shows how stablecoin adoption has compounded over time and where the next thresholds sit.

Built on DDD
How the benchmark turns into downstream products.

DDD stays benchmark-first. These four surfaces show how it becomes onboarding, intelligence, basket logic, and public market distribution.

DDD-guided flow for people and businesses deciding whether stablecoins fit the job.

Try Are You Stable

Machine-readable benchmark context for wallets, payment apps, treasuries, and agents.

For partners

Cesto basket using DDD inputs across a 40/40/20 mix of USDC, USDT, and PayPal USD.

View basket

Live market pricing for when DDD first reaches 2.00%.

7 outcomes live. Public belief surface.

View market
In motion

What the benchmark looks like in use.

Below is a live scenario layer showing the kinds of dollar flows this market structure is enabling across public chains and stablecoin rails.

● WATCHING THE NETWORK
Live scenario ·
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Stablecoin payment Traditional rails

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