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Charts/Stablecoin Supply Change by Asset

Which stablecoins gained or lost tracked balances over the displayed week?

Quick answerUsing last successful update

From Aug 25, 2026 to Sep 1, 2026, RLUSD recorded the largest tracked-balance gain among comparable assets (+$223.6M), while USDC recorded the largest loss (-$218.0M). The 10 displayed assets account for +$67.9M; the remaining 137 comparable assets account for +$72.0M, reconciling to the +$140.0M total tracked-balance change.

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Stablecoin Supply Change by Asset

From July 5, 2026 to July 12, 2026, USDT recorded the largest increase in tracked balances (+$1.0B), while USDe recorded the largest decline (-$467.7M). Across 145 comparable assets, total tracked stablecoin balances changed by +$656.0M.
Stablecoin Supply Change by Asset underlying data rows. Showing 10 rows.
Stablecoin7-day tracked balance change (7-day tracked balance change)7-day changeShare changeStarting tracked balanceEnding tracked balance
RLUSD$223.6M19.9%+0.1 pp$1.12B$1.35B
USD1$135.2M3.5%0.0 pp$3.82B$3.96B
USDe$111.2M3.1%0.0 pp$3.53B$3.64B
USDAI$55.7M32.2%0.0 pp$173.11M$228.8M
AUSD$41.3M18.7%0.0 pp$221.15M$262.46M
USDC-$218M-0.3%-0.1 pp$72.82B$72.61B
USDG-$193.4M-6.5%-0.1 pp$2.97B$2.78B
USX-$53.2M-9.7%0.0 pp$548.67M$495.5M
crvUSD-$20.7M-6.8%0.0 pp$303.23M$282.51M
FDUSD-$13.7M-4.5%0.0 pp$303.57M$289.84M
Source: Dune · as of Sep 1, 2026
Last checked: Oct 12, 2026

About the data

What is counted

Reviewed tracked USD stablecoin balances for assets present at both same-weekday endpoints; this does not cover every stablecoin.

Coverage and comparison
  • Seven-day same-weekday comparison: Aug 25, 2026 to Sep 1, 2026, expressed in USD tracked-balance change.
  • Each asset change is its ending tracked balance minus its starting tracked balance; totals use the same comparable tracked-asset universe at both endpoints.
  • Endpoint coverage is stable; 10 of 147 comparable assets are displayed.
  • Displayed assets contribute +$67.94M; 137 unshown comparable assets contribute +$72.04M, reconciling to +$139.98M.
What this does not show

Balance-stock differences do not establish issuance, redemptions, minting, burning, net flows, demand, adoption, liquidity, or causality.

Common questions

Which stablecoins gained or lost the most tracked balances?

From Aug 25, 2026 to Sep 1, 2026, RLUSD recorded the largest tracked-balance gain among comparable assets (+$223.6M), while USDC recorded the largest loss (-$218.0M). The 10 displayed assets account for +$67.9M; the remaining 137 comparable assets account for +$72.0M, reconciling to the +$140.0M total tracked-balance change.

Does a balance decline prove redemptions or burning?

No. The chart compares tracked balance stock at two endpoints; it does not identify minting, redemption, bridge movement, fresh fiat flow, or the cause of a change.

Why are only comparable assets ranked?

Only canonical asset labels present at both reviewed endpoints are ranked, so a newly appearing or disappearing label is not misreported as ordinary growth or decline.

Sources & methodology

Source

Dune Analytics

Dune stablecoins_multichain.balances

Cadence
weekly
Data through
Sep 1, 2026
Checked
Oct 12, 2026
Open source query

Seven-day difference in tracked balances for canonical asset labels present at both endpoints.

Verification details

Method

  • This chart compares each canonical asset label's tracked USD balance at two reviewed same-weekday endpoints seven days apart.
  • Only assets present at both endpoints are ranked, and the unshown residual is reported separately.
Source execution
stablecoin_highway_supply_endpoints.v3:01M1WWEWZCWSWQT7VN523X14MC
View SQL
Source query
-- Source migration preview: stablecoin_highway_supply_endpoints.v1
-- Dune's former stablecoins_multichain balance tables are no longer
-- executable for this query owner. This preview uses Dune's own Stablecoin
-- Atlas daily supply result and anchors all comparisons to its latest
-- available observation. It creates no public binding or promotion.

WITH usd_stablecoin_universe AS (
  SELECT DISTINCT
    LOWER(TRIM(blockchain)) AS chain,
    TRIM(token_symbol) AS asset_raw
  FROM dune.dune_curated_data.result_stablecoin_atlas_coverage
  WHERE UPPER(TRIM(currency)) = 'USD'
    AND blockchain IS NOT NULL
    AND token_symbol IS NOT NULL
),
source_rows AS (
  SELECT
    CAST(s.day AS date) AS date,
    LOWER(TRIM(s.blockchain)) AS chain,
    TRIM(s.token_symbol) AS asset_raw,
    s.circulating_supply_usd AS supply_usd
  FROM dune.dune.result_stablecoin_atlas_daily_supply_by_blockchain s
  JOIN usd_stablecoin_universe u
    ON u.chain = LOWER(TRIM(s.blockchain))
    AND u.asset_raw = TRIM(s.token_symbol)
  WHERE s.day >= CAST(date_add('day', -45, current_date) AS date)
    AND s.day < current_date
    AND s.blockchain IS NOT NULL
    AND s.token_symbol IS NOT NULL
    AND s.circulating_supply_usd IS NOT NULL
    AND s.circulating_supply_usd > 0
),
date_coverage AS (
  SELECT
    date,
    COUNT(*) AS row_count,
    COUNT(DISTINCT chain) AS chain_count
  FROM source_rows
  GROUP BY 1
),
coverage_reference AS (
  SELECT
    MAX(row_count) AS max_row_count,
    MAX(chain_count) AS max_chain_count
  FROM date_coverage
),
latest_observation AS (
  SELECT MAX(c.date) AS latest_date
  FROM date_coverage c
  JOIN date_coverage w
    ON w.date = CAST(date_add('day', -7, c.date) AS date)
  JOIN date_coverage f
    ON f.date = CAST(date_add('day', -28, c.date) AS date)
  CROSS JOIN coverage_reference r
  WHERE c.row_count >= r.max_row_count * 0.9
    AND w.row_count >= r.max_row_count * 0.9
    AND f.row_count >= r.max_row_count * 0.9
    AND c.chain_count >= r.max_chain_count * 0.9
    AND w.chain_count >= r.max_chain_count * 0.9
    AND f.chain_count >= r.max_chain_count * 0.9
),
endpoint_dates (endpoint_role, endpoint_date) AS (
  SELECT 'current', latest_date
  FROM latest_observation
  UNION ALL
  SELECT 'week_ago', CAST(date_add('day', -7, latest_date) AS date)
  FROM latest_observation
  UNION ALL
  SELECT 'four_weeks_ago', CAST(date_add('day', -28, latest_date) AS date)
  FROM latest_observation
),
endpoint_supply AS (
  SELECT
    e.endpoint_role,
    s.date,
    s.chain,
    s.asset_raw,
    SUM(s.supply_usd) AS supply_usd
  FROM source_rows s
  JOIN endpoint_dates e
    ON s.date = e.endpoint_date
  GROUP BY 1, 2, 3, 4
)
SELECT
  endpoint_role,
  date,
  chain,
  asset_raw,
  supply_usd,
  SUM(supply_usd) OVER (PARTITION BY endpoint_role) AS endpoint_total_usd,
  'dune:stablecoin_atlas.daily_usd_supply_by_blockchain' AS source
FROM endpoint_supply
ORDER BY
  CASE endpoint_role
    WHEN 'current' THEN 1
    WHEN 'week_ago' THEN 2
    ELSE 3
  END,
  chain,
  supply_usd DESC;

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Source = Dune stablecoins_multichain.balancesData through = Sep 1, 2026Last checked = Oct 12, 2026