About DDD Research — Independent Stablecoin Research Organization

Who We Are

DDD Research is an independent stablecoin research organization that produces open, transparent data on the growth of programmable dollars. We are not affiliated with any stablecoin issuer, blockchain protocol, venture fund, or financial institution. Our goal is to provide the public, researchers, and analysts with reliable stablecoin analysis they can trust.

DDD Research was founded by Chris McNicholas, who recognized that while stablecoin market data was widely available, there was no standard, independent benchmark for measuring stablecoin adoption in the context of the broader monetary system.

Why DDD Research Exists

Stablecoins represent one of the most significant developments in the modern financial system. They are the bridge between traditional dollars and programmable money. Yet until now, there has been no widely recognized benchmark that answers a simple question: how large is the stablecoin economy relative to the dollar economy?

DDD Research exists to answer that question with a single, transparent number. We believe that independent stablecoin research is essential for informed policymaking, sound investment analysis, and public understanding of the monetary system's evolution. Dollar digitization is not a future event — it is happening now, and it deserves rigorous, unbiased measurement.

The Digital Dollar Dominance Benchmark

Our flagship publication is the Digital Dollar Dominance (DDD) benchmark — a continuously updated metric that divides total stablecoin market capitalisation by US M2 money supply. The result is a single percentage that captures the penetration of stablecoins into the traditional monetary system.

The benchmark is designed to be:

Transparent: Every data source, calculation step, and limitation is publicly documented in our full methodology.
Independent: DDD Research has no financial relationships with stablecoin issuers or protocols. Our stablecoin analysis is produced without commercial bias.
Accessible: The live benchmark is freely available to anyone — no paywall, no registration.
Continuously updated: Stablecoin data updates in near real-time via DeFi Llama; M2 data updates monthly via FRED.

What We Track

Our stablecoin market research covers the full landscape of dollar-denominated digital assets:

Stablecoin adoption data: Total market capitalisation across all tracked stablecoins and blockchains, updated continuously.
Stablecoin vs M2 trends: How stablecoin supply compares to the US M2 money supply over time, revealing the pace of dollar digitization.
Stablecoin market trends: Growth patterns, shifts in market share between issuers, and the expansion of stablecoins to new chains.
Benchmark milestones: Key thresholds and inflection points in the DDD ratio, published via our research updates and the @dddtracker account.

Our Approach to Stablecoin Research

DDD Research follows a set of principles that guide all of our work:

Data over narrative: We publish metrics and let the data speak. Our role is measurement, not advocacy.
Open methodology: Our calculation method, data sources, and known limitations are fully documented and publicly available.
No conflicts of interest: We do not accept sponsorship from stablecoin issuers or protocols. Our independence is non-negotiable.
Long-term perspective: Stablecoin adoption is a multi-decade trend. We build tools and benchmarks designed to be useful for years, not news cycles.

Follow Our Research

Stay up to date with DDD Research and stablecoin benchmark updates:

digitaldollardominance.com — Live benchmark data, historical charts, and the full DDD dataset.
@dddresearch — Research commentary and analysis on X.
@dddtracker — Automated benchmark updates and milestone alerts on X.
Publications — Research notes, analyses, and data updates.

DDD Research