US dollars are now stablecoins
Choose your DDD alerts
The background is a live visualization of the DDD ratio.
Each dot represents part of the dollar system. Green dots are stablecoin dollars. Grey dots are the rest.
The proportion is based on the current DDD figure, updated via API.
At 1.47%, the green dots are rare but visible. As DDD rises, more dots turn green.
From near zero to 1.45% in nine years.
The question now is how far it goes.
Five macro forces shaping when and whether stablecoins cross the next threshold.
Clearer rules make it easier for issuers, apps, and institutions to build with confidence.
As the largest stablecoins grow and new entrants arrive, the category becomes deeper and harder to dismiss.
Stablecoins matter more when they show up in wallets, fintech apps, messaging platforms, and payment products.
The more stablecoins are used for real settlement and spending, the more this looks like infrastructure.
AI agents settling transactions autonomously on-chain could make machine-to-machine commerce one of the largest sources of stablecoin volume.
DDD tracks stablecoin value as a share of the broader US dollar money supply.
Total stablecoin market cap divided by US M2.
Total value of USDT, USDC, and other major stablecoins in circulation.
Cash, checking deposits, savings, and short-term deposits. The broadest standard measure of dollars in the system.
A macro proxy. Not a measure of consumer adoption, but a way to track how much of the dollar system stablecoins have captured.
Visual notes: The milestone progress bar uses a logarithmic scale so that early progress is visible. A linear bar would make 1.47% nearly invisible. The background dot ratio, milestone thresholds, and all percentages use the actual linear value.
This site is for informational purposes only and does not constitute financial advice, an endorsement of any asset, or a recommendation to buy, sell, or hold any investment. Data is sourced from third-party APIs and may be delayed, incomplete, or inaccurate. Always do your own research.
Stablecoin market cap includes all pegged assets (USD, EUR, and other denominations) as reported by DeFi Llama. USD-pegged stablecoins represent ~98% of the total. This site does not use cookies or tracking. Email addresses submitted via the subscribe form are stored by Buttondown and used solely to send DDD alerts. You can unsubscribe at any time.
Data updates automatically on every page load via DeFi Llama and FRED APIs.
| Source | Metric | Refresh |
|---|---|---|
| DeFi Llama | Stablecoin market cap | Real-time |
| FRED | US M2 money supply | Weekly |
| CoinGecko | Historical prices | Daily |