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Minting and redemption flows on each tracked stablecoin's configured issuance chain.
Waiting for initial data
Mint/Burn Flows, Mint/Burn Flows (Chart), and 1 more datasets has not populated yet.
| Coin | Pressure vs 30D | Net 24h |
|---|---|---|
Flow Interpretation
Mint and burn totals are useful, but the pressure shift is the stress signal: it asks whether the current flow is unusual for that coin, not just whether mints outnumber burns today.
Read sharp burn pressure alongside depeg alerts, DEX liquidity, and redemption-backstop coverage before treating it as a standalone bank-run signal.
The Bank Run Gauge is a market-cap-weighted composite of each tracked stablecoin's pressure shift versus its own trailing 30-day issuance-chain baseline. It is a signed -100 to +100 pressure signal, not a literal mint-versus-burn direction meter. Scores below -10 indicate worsening redemption pressure across tracked canonical issuance flows, while scores above +10 indicate improving issuance pressure versus baseline. It returns null only when all tracked coins lack sufficient history or current activity.
Mint and burn events measure token creation and destruction on each stablecoin's configured native issuance chain. They do not by themselves establish investor inflows or withdrawals: USDai, for example, can be burned when PYUSD is deployed into sUSDai loan positions without an equivalent loss of protocol assets. Individually reviewed protocol-internal events, such as USD.AI's September 23, 2026 loan-deployment burn, are excluded from counted flow. Other sustained net burn pressure feeds the Bank Run Gauge and DEWS, but its cause requires separate evidence.
Pressure Shift vs 30D measures how unusual a coin's current 24-hour net flow is relative to its trailing 30 fully closed daily issuance-chain baseline. It uses the existing Flow Intensity formula: intensity = clamp(-100, 100, z × 50), where z = (currentDailyNet − baselineDailyNet) / max(baselineDailyAbs × 0.3, $1M). A score near 0 means flows match the baseline, negative scores mean pressure is worse than normal, and positive scores mean pressure is improving versus normal. Net flow direction still comes from the raw 24-hour mint-minus-burn value.