Market Data
SIGNALS
Data sourced from DefiLlama, FRED, ECB, and curated Institute datasets. Charts marked Live update on page load. All others reflect the most recent published figures.
Total Stablecoin Market Capitalization
Combined circulating value of all fiat-pegged stablecoins across all chains. The GENIUS Act was signed July 18, 2025.
Federal Reserve: Total Reserve Balances
Reserve balances held by depository institutions at Federal Reserve Banks. Floor system reference rate.
Federal Reserve: ON RRP Outstanding
Overnight reverse repurchase agreements. Peaked at $2.554T in December 2022. Declined to $239B by December 2024.
Stablecoin Market: Top 5 Issuers
Current circulating supply by issuer. Tether USDT and Circle USDC together account for over 90 percent of total supply.
SWIFT Payment Currency Share
Share of total SWIFT payment value by currency. Dollar at 51.14 percent is a historic high. RMB at 3.10 percent as of March 2026.
TARGET2 Balances by Country
Claims (positive) and liabilities (negative) within the Eurosystem real-time gross settlement infrastructure. December 2024.
Tokenized Real-World Assets by Class
On-chain tokenized asset value by underlying asset class, excluding stablecoins. Total exceeded $15 billion in December 2024.
mBridge: Cumulative Settlement Value
Total cross-border settlement processed on the mBridge multi-CBDC platform. BIS withdrew October 31, 2024. e-CNY accounts for 95.3 percent of volume.
e-CNY: Cumulative Transaction Value
Total value of transactions processed through the digital renminbi system. Reclassified from M0 to M1/M2 in January 2026.
Singapore Single Family Office Registrations
Registered single family offices in Singapore. Increased 175 percent between 2020 and 2023 following capital flight triggers including HK NSL and Fed tightening cycle.
Global Islamic Finance: Total Assets
Total assets under the global Islamic finance system. Reached $3.88 trillion in 2024 at 14.9 percent year-over-year growth. Standard Chartered projects $7.5T by 2028.
Illicit Virtual Asset Transaction Volume: Stablecoins vs. Other
Annual illicit transaction volume in the virtual asset market. Stablecoins accounted for 84 percent of $154 billion in total illicit virtual asset volume in 2025. Source: Chainalysis, cited in FATF March 2026 Targeted Report on Stablecoins and Unhosted Wallets.