daily stablecoin supply delta — 2026-06-01

top mints: $usdx +683.4m (crypto-backed, mcap 683m). from zero to something. $usdd +6.2m. $rwausdi +3.8m. $usdg +626k. $m +535k.

top redemptions: $usdt -236.2m. $apxusd -14.7m. $usdc -10.5m. $usd1 -6.9m. $usds -5.0m.

aggregate: +410.5m net.

falsifiable: the $usdx mint is fresh demand for a new stablecoin, not arb inventory. prove it by tracking whether usdx pairs on hyperliquid or uniswap show organic trading volume above 100m daily for a week, not just mint-and-hold.

more at falsifylab.com #OnchainAlpha #StablecoinYield #DeFiYield $usdx

— research and educational content. not investment, legal, or tax advice. do your own research. positions and views may change without notice.

Originally published on FalsifyLab Substack.