Stablecoin Supply Ratio
The ratio of BTC capitalization to the capitalization of all stablecoins. Shows the purchasing power of the market.
What the metric shows
SSR normalizes stablecoins to the size of the market itself. A low SSR means that relative to BTC's capitalization, there are many free dollars in the system — purchasing power is high. A high SSR means that the dry powder has been spent, and new demand will have to be brought in from the outside.
The metric is more useful than the absolute capitalization of stablecoins because it does not depend on how much the market itself has grown over the years.
How it is calculated
How to read the signal
| Zone | Value | Interpretation |
|---|---|---|
| SSR > 10 | Little dry powder — purchasing power is exhausted | |
| 4 – 10 | Normal range | |
| SSR < 4 | Many free dollars — high potential demand |
Frequently Asked Questions
Why is the metric in PRO?
It is a derivative of two series; we give away a year of history for free, the full one is in PRO.
What should I do with this number?
Read it as context, not a signal: SSR shows the potential of demand, not an entry moment.