Stablecoin monthly: supply, spreads and where flows went
What moved in stablecoin supply and on-chain settlement this month, and what it means for earn rates. Market commentary, not advice.
Stablecoin earn rates are not set in a vacuum — they track the opportunity cost of dollars in the wider market. When short-term rates rise and on-chain borrowing demand picks up, available stablecoin yield follows; when they fall, it retreats.
The practical implication is one line: the rate you see today reflects today's conditions, not a level that will hold. Read it as a snapshot, not a commitment.
This is market commentary. It is not investment, tax or legal advice, and it is not a forecast of any product's return. Consider your own circumstances and seek independent advice before making a decision.
More like this
How an estimated APY is actually calculated
Every rate on the platform comes from one simple formula. Understand it and you can check any reward figure yourself.
Aug 20, 2026, 12:00 AM
Why we stopped labelling products “low risk”
A green “Low risk” badge reads as a safety guarantee. A stablecoin peg is not one. Here is what replaced it.
Aug 18, 2026, 12:00 AM
Fixed or flexible? The trade-off in three minutes
A fixed term pays more because you give up access. When that trade is worth taking.
Aug 15, 2026, 12:00 AM