DDD

1 in 71 US dollars are now on-chain. Digital Dollar Dominance is a public benchmark tracking what share of the total US money supply exists as stablecoins, updated live. The current ratio is calculated as total stablecoin supply divided by US M2 and has been rising steadily since 2019. That supply expands and contracts through issuance and redemption across multiple chains, concentrated among a small number of issuers. Stablecoin supply already exceeds the entire domestic money supply of 177 countries, with Taiwan within reach.

What this means
The dollar is going on-chain.

1 in 71 US dollars are now on-chain. Digital Dollar Dominance is a public benchmark tracking what share of the total US money supply exists as stablecoins, updated live. The current ratio is calculated as total stablecoin supply divided by US M2 and has been rising steadily since 2019. That supply expands and contracts through issuance and redemption across multiple chains, concentrated among a small number of issuers. Stablecoin supply already exceeds the entire domestic money supply of 177 countries, with Taiwan within reach.

"1 in 71 US dollars are now on-chain. That number has been rising since 2019."
Who issues it

A small number of issuers control the vast majority of stablecoin supply. Tether and Circle alone account for most of the market. The top two issuers, Tether and Circle, account for over 80% of total supply. Explore issuers →

Where it lives

Supply is concentrated across a small number of chains. Ethereum leads, but Solana, Tron, and others are growing. Supply distribution across chains shifts constantly as new networks grow. See the full chain breakdown →

How far we've come
Rising steadily since 2019.

DDD has been rising since 2019. Track every major milestone in the ratio's history. View milestones →