Stablecoin Research & Updates
Research notes, stablecoin analysis, benchmark milestones, and data updates from DDD Research. For real-time alerts, follow @dddtracker and @dddresearch on X.
Core Resources
These are the primary outputs of DDD Research — the tools and documents that form the foundation of our stablecoin analysis work.
Digital Dollar Dominance Benchmark
The live DDD benchmark — total stablecoin market capitalisation as a percentage of US M2 money supply. View the current reading, historical charts, and download the full dataset. Updated continuously.
View live benchmark →DDD Benchmark Methodology
Full documentation of how the Digital Dollar Dominance benchmark is calculated. Covers data sources (DeFi Llama, FRED M2SL), inclusion criteria, update frequency, and known limitations of the stablecoin vs M2 ratio.
Read methodology →Research Commentary
DDD Research publishes analysis and commentary on stablecoin trends, benchmark milestones, and dollar digitization developments through our X accounts. Key threads and posts are collected here.
@dddresearch — Research & Analysis
In-depth stablecoin research commentary, benchmark analysis, and market context from the DDD Research team. Follow for research-grade insights on stablecoin adoption data and dollar digitization trends.
Follow @dddresearch →@dddtracker — Benchmark Alerts
Automated updates whenever the Digital Dollar Dominance benchmark crosses key thresholds. Real-time stablecoin adoption data milestones, delivered as they happen.
Follow @dddtracker →Stablecoin Market Context
Understanding the DDD benchmark requires context about the broader stablecoin market. Here is a summary of the key dynamics our research tracks:
- Market growth: Stablecoin total market capitalisation has grown from under $30 billion in January 2021 to over $230 billion, representing one of the fastest-growing segments of digital assets.
- Dollar digitization: The vast majority of stablecoins are US dollar-denominated (USDT, USDC, and others), making stablecoin growth effectively a measure of how quickly dollars are migrating onto blockchain rails.
- Stablecoin vs M2: While stablecoins remain a small fraction of total M2 money supply, the DDD benchmark tracks whether this fraction is growing or shrinking — a leading indicator of monetary system evolution.
- Multi-chain expansion: Stablecoins now operate across dozens of blockchains (Ethereum, Tron, Solana, Arbitrum, Base, and more), making comprehensive tracking essential for accurate stablecoin market research.
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Get in Touch
For research collaborations, data partnerships, or media requests: hello@dddresearch.com