stables_mcap

Definition and usage guidance for the growthepie stables_mcap metric.

stables_mcap measures stablecoin supply on a covered chain. Use stables_mcap when you want a stablecoin-focused value metric rather than a broader secured-value metric such as tvl.

Key Facts

• Canonical metric_id: stables_mcap

• Canonical metric_key values: stables_mcap, stables_mcap_eth

• Unit: USD and ETH

• Hourly detail available: no

• Coverage: see master.json.metrics.stables_mcap.supported_chains

• Common search synonyms: stablecoin market cap, stablecoin supply

Example Request

curl -s https://api.growthepie.com/v1/export/stables_mcap.json

Example Response Excerpt

[
  {
    "metric_key": "stables_mcap",
    "origin_key": "base",
    "date": "2026-03-01",
    "value": 3400000000.0
  },
  {
    "metric_key": "stables_mcap_eth",
    "origin_key": "base",
    "date": "2026-03-01",
    "value": 1140000.0
  }
]

When To Use stables_mcap

• Track stablecoin presence on a chain

• Compare stablecoin-denominated value across chains

When Not To Use stables_mcap

• You need overall secured value

• You need transaction activity or fee metrics

Caveats

• stables_mcap is narrower than tvl.

• Currency-paired raw series can appear in both USD and ETH form.

Related Pages

• tvl

• fees