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Section 2 of 4 · In Development

Stablecoins & Macro Environment

Building now · Estimated completion: Phase 3

How do interest rates, dollar strength, Fed liquidity conditions, and risk sentiment transmit into stablecoin supply growth, market concentration, and velocity? This section will track 7 indicators updated daily, covering the full macro transmission chain from policy rates to stablecoin market structure.

Build sequence: Sprint 1 covers rates, real rates, yield curve, and Fed liquidity — the macro transmission spine. Sprint 2 adds dollar index, macro correlation, and risk sentiment. All pages are data-ready. The macro rates database is backfilled to January 2020.
Sprint 1 — Macro Transmission Spine
Interest Rates
Short-Term Rates vs Stablecoin Growth
How sensitive is stablecoin supply growth and market structure to changes in FEDFUNDS, SOFR, and TB3MS? The foundation page of the macro section.
Coming soon
Real Rates
Real Interest Rates & Stablecoin Dynamics
Are stablecoin inflows more closely linked to real yields (DGS10 − T10YIE) than to nominal policy rates? Covers the full 2020–present regime cycle.
Coming soon
Yield Curve
Yield Curve Shape & Stablecoin Issuance
Do steepening or inversion regimes (DGS10 − DGS2) change stablecoin issuance, redemption pressure, and dominance? Includes 2022 inversion and 2024 un-inversion.
Coming soon
Fed Liquidity
Fed Balance Sheet & Dollar Liquidity
Do stablecoins expand when dollar system liquidity improves? Covers WALCL (Fed assets), WDTGAL (TGA balance), and RRPONTSYD (RRP usage).
Coming soon
Sprint 2 — Dollar Conditions & Sentiment
Dollar Index
Dollar Strength vs Stablecoin Demand
Does a stronger dollar (DTWEXBGS) coincide with higher stablecoin demand as an offshore dollar proxy, or with tighter conditions that suppress supply growth?
Coming soon
Macro Correlation
Stablecoin–Macro Correlation Matrix
Rolling 90-day Pearson correlation: 4 stablecoin indicators (HHI, velocity, entropy, SSI) × 5 macro series (DGS10, VIX, DXY, HY spread, S&P 500). The platform's most unique computed output.
Coming soon
Risk Sentiment
Risk Sentiment & Stablecoin Safe-Haven Flows
Are stablecoins behaving as a defensive allocation during risk-off episodes (VIX spikes, Fear & Greed extremes) or as collateral for risk-taking?
Coming soon
Data coverage: All macro series are live in TimescaleDB, backfilled to January 2020. Covers FEDFUNDS, SOFR, TB3MS, DGS10, DGS2, T10YIE (10Y breakeven), VIXCLS, DTWEXBGS (DXY), SP500, WALCL (weekly), WDTGAL (TGA weekly), RRPONTSYD, M2SL (monthly), CPIAUCSL (monthly), ECB DFR and ESTR, and computed real rate + yield curve spread series.