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Home / Solutions / Stablecoins
Stablecoins

Track every mint, burn, and transfer across every chain

Stablecoin flows are the circulatory system of crypto. SQD gives you real-time visibility into supply changes, cross-chain movements, and peg stability, the data that treasuries, market makers, and compliance teams actually need.

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225+ Networks
Real-time Data freshness
Cross-chain Flow tracking
Any ERC-20 token
Trusted by leading enterprises
Morpho
GMX
PancakeSwap
RAILGUN
Deutsche Telekom
Capabilities

Built for Stablecoins at scale

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Cross-chain flow reconstruction

Trace USDC from a Circle mint on Ethereum through a bridge to Arbitrum, into an Aave deposit, and back. SQD indexes transfer events across all 225+ networks, you see the full journey, not fragments per chain.

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Mint & burn event monitoring

Stream mint and burn events from Circle, Tether, MakerDAO, and every issuer as they hit the chain. Detect supply expansions and contractions in real time, not from CoinGecko's API with a 5-minute delay.

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Peg deviation analytics

Index DEX pool reserves and swap events to calculate real-time peg deviation from AMM pricing data. Build depeg early warning systems from validated onchain data, not from exchange APIs that lag behind actual market state.

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Velocity & concentration metrics

Compute transfer velocity, unique holder counts, Gini coefficients, and whale concentration ratios at the wallet level. The data comes decoded and typed, you write the analytics logic, not the data pipeline.

The Cross-Chain Reality

USDC exists on 15+ chains. Your data shouldn't be fragmented across 15 providers.

When Circle mints USDC on Ethereum and it bridges to Arbitrum, gets deposited into Aave, and the yield flows to a wallet on Base, that's one economic story happening across 3 chains. Most data infrastructure gives you 3 disconnected fragments.

SQD indexes transfer events, mint/burn calls, and pool interactions for every stablecoin across 225+ networks through a single API. You query once, get the complete picture, and build analytics that reflect how stablecoins actually move, not how your infrastructure limitations force you to see them.

Queryable Stablecoin Data
Mint & burn events Real-time supply changes from Circle, Tether, MakerDAO, and every issuer, not delayed aggregator data
Bridge transfers Track stablecoins across canonical bridges, third-party bridges, and liquidity networks with transfer provenance
DEX pool reserves Swap events and reserve changes in Curve, Uniswap, and other AMMs, the raw data for peg deviation calculations
Lending protocol flows Deposits, borrows, and liquidations involving stablecoins across Aave, Compound, Morpho, and more
Wallet-level metrics Per-address transfer history, holding duration, and velocity metrics for any stablecoin on any chain
Coverage

Every major stablecoin. Every deployment chain.

SQD doesn't maintain a curated list of "supported" stablecoins. Any ERC-20 transfer event on any of 225+ networks is queryable, including stablecoins that launched yesterday.

USDC Circle Native issuance on 15+ chains, bridged presence on 50+
USDT Tether Largest stablecoin by market cap, multi-chain native issuance
DAI / USDS MakerDAO / Sky Decentralized issuance with onchain governance data
FRAX Frax Finance Algorithmic + collateralized hybrid with AMO data
GHO Aave DeFi-native stablecoin with facilitator-level mint tracking
Any ERC-20 Any issuer Query any token contract, no whitelist, no approval process
Use Cases

What teams build with SQD

Stablecoin supply and flow dashboards
Depeg early warning systems from DEX pool data
Cross-chain velocity and adoption reports
Issuer transparency portals with real-time reserves
Regulatory reporting feeds for stablecoin compliance
Market maker flow analysis and concentration tracking
Related solutions

Other ways teams use SQD

DeFi & Trading

Index every swap, liquidation, and position change across 225+ networks.

Analytics

Query full-history data from genesis across 225+ networks without running a single node.

AI Agents

LLMs can't parse raw hex calldata.

Frequently asked questions

How does SQD track stablecoin transfers?
SQD indexes any ERC-20 (or equivalent) token contract across all 225+ supported networks through a single API. Point a Squid SDK indexer at the stablecoin contracts you care about on each chain (USDC, USDT, DAI, and similar), and the SDK returns decoded Transfer events with sender, recipient, amount, contract, chain, and block fields, ready for analytics or compliance pipelines.
Can I get stablecoin reserve data?
Onchain reserves and collateral balances are indexable wherever they live onchain (vault contracts, collateral pools, peg-keeper contracts). SQD returns the underlying balance, mint, redeem, and supply events from these contracts. Off-chain attestations and audit reports from issuers (Circle, Tether, MakerDAO, and similar) are not indexed by SQD; pair the onchain data with the issuer's published attestations for a full reserve picture.
Which stablecoins does SQD support?
Every ERC-20 (EVM) and SPL token (Solana) is indexable by default. To track a specific stablecoin, add its contract address and ABI to a Squid SDK indexer, and the typed decoders generate transfer history, balances, and mint/burn events. Substrate parachains, Bitcoin, and Hyperliquid native data are exposed through the same Portal API; see the chains catalog for full coverage.
How fresh is the stablecoin data?
The Portal serves real-time data from chain head alongside historical backfill from genesis through the same endpoint, so a stablecoin analytics dashboard can show current state and multi-year flows without separate providers. For specific latency on a given chain, see the Portal benchmarks.
Get started

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Private Portal. Dedicated. Validated. Managed. Tell us what you're building, we'll show you what it looks like on SQD.

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