Which stablecoins gained or lost tracked balances over the displayed week?
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.
| Stablecoin | 7-day tracked balance change (7-day tracked balance change) | 7-day change | Share change | Starting tracked balance | Ending tracked balance |
|---|---|---|---|---|---|
| RLUSD | $223.6M | 19.9% | +0.1 pp | $1.12B | $1.35B |
| USD1 | $135.2M | 3.5% | 0.0 pp | $3.82B | $3.96B |
| USDe | $111.2M | 3.1% | 0.0 pp | $3.53B | $3.64B |
| USDAI | $55.7M | 32.2% | 0.0 pp | $173.11M | $228.8M |
| AUSD | $41.3M | 18.7% | 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 |
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
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 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;