shadow-flows / velocity
Stablecoin Velocity
Transfer volume over circulating supply; on-chain capital turnover under currency restriction.
Methodology: Monthly transfer volume divided by circulating supply.
On-chain transfers and supply aggregated by region heuristic.
Caveats:
- Regional attribution is heuristic
- Exchange-internal transfers may inflate volume
- Supply estimates vary by issuer
μ=8.704 · σ=3.771 · n=72 · range=[2.761, 16.884]
| Region | Latest | z-score | Trend |
|---|---|---|---|
| AR Argentina | 8.532 | -0.046 | |
| TR Türkiye | 7.889 | -0.216 | |
| NG Nigeria | 11.088 | +0.632 | |
| US United States | 2.949 | -1.526 | |
| VN Vietnam | 6.347 | -0.625 | |
| LB Lebanon | 16.884 | +2.169 |