Topic: Stable Coin Statistics (Read 242 times)

Does the minting of new stable coins affect the cryptocurrency market? It seems intuitively that the influence should be. New USDt or other coins are issued, redirected to exchanges and BTC or altcoins are purchased. Let’s check our hypothesis on the data.

I use the https://cryptodollarcap.com/changes service to search for days with the net minting of cryptodollars above 30 million per day.

For example, there were two such days on the screenshot:
https://www.dropbox.com/s/3e31w6bi6s940uf/CryptoDollarCap.png?dl=0

I researched the period from the beginning of 2018 to June 17, 2019. In total, it turned out 27 days with high “net” emissions (the number of coins created minus the number of coins burned).

Next, we check the dynamics of BTC prices: on the day of issue, the next day, after 3 days, 5 days and 10 days.

The results were as follows:
In 62.96% of cases on the day of such emissions in the market was an increase.
In 48.15% of cases the next day there was an increase in the market.
In 46.15% of cases in the next 3 days there was an increase in the market.
In 38.46% of cases in the next 5 days there was an increase in the market.
In 40% of cases in the next 10 days there was an increase in the market.

Now let's see what indicators characterize the entire period on BTC market:
In 52.53% of cases, the day closed with growth.
In 50.84% ​​of cases, 3 days closed with growth.
In 50.09% of cases, 5 days closed with growth.
In 50.09% of cases, 10 days closed with growth.

As we can see, the “medium-term” (next day and the next 3/5/10 days) results of crypto-dollar emission have, rather, a negative impact. For example, in 48.15% of cases a day after an issue we have an increase. In the market in 52.53% of cases day closed with growth. The same is observed in longer time intervals.

An interesting situation is observed only on the day of issue. In almost 63% of cases on such a day the market is growing. This indicator is more than statistical 52.53%.

The study period is mostly bearish on the market. If we bought BTC at the beginning of 2018, and sold on 06/17/2019, we would have suffered a loss of -32.7%. Issuing days give an increase in absolute terms + 9.15%. That means that if we bought BTC only on these days, then our profit would be about 10% compared to a market loss of -32%.

I decided to go ahead and check if this event is an accident or if there is a pattern. From the dataset from 1.01. 2018 to 17.06.2019 generated 500 random sets of 27 days each and looked at the percentage results of these data. This generation models random purchases 27 times during the study period (simulation occurs 500 times). It turned out that in 32% of the outcomes the random purchase turned out to be better than the “emission result” of + 9.15%. Accordingly, in 68% of cases, emission purchases are better than random purchases. In my opinion, this is a rather significant “bend of probability”. Of course, the period is statistically small enough for clear conclusions. The cryptocurrency market is quite young and we have to work with the data that managed to form over the period.

What is the main conclusion I do for myself? The minting of new stable coins has an impact on the market on the day of the emission. Apparently, the redistribution of new crypto-dollars occurs fairly quickly. If we use the crypto-dollar emission parameter in trading strategies, then we need to receive data on new transactions instantly. For these purposes, soon we plan to launch a Telegram bot for alerts. For example, there will be alerts if a new Tether has been minted for more than $ 5 million. Also in the plans of the API, so that the data on the issue could fall into the algorithmic trading bots, where this indicator will be one of the parameters of the trading robot.

In my research I used data from:  https://cryptodollarcap.com/changes

Google table with data and calculations: https://docs.google.com/spreadsheets/d/1XnWt1Lm2IUCJWB5eshzSTOA389mzlr6DD18GQRttQQs/edit?usp=sharing

My Telegram: https://t.me/cryptovedinvest

This is an AMAZING website. You know how sometimes you never have something and you do not even know that you want it but when you get it you realize how you lived without it so far and realize you always wanted it but didn't know it? Well this website is exactly that.

If asked I wouldn't say I would like a website like this but after seeing it I realized we always needed it. It is sad that we are still heavily into USDT and I hope that dominance of USDT will get lower in the future but weirder part is how USDC is the second biggest marketcap yet fourth biggest volume. I don't know the reason for it but that seems like the closest rival to USDT and hope it will get higher and soon will be used in bigger exchanges instead of USDT.

I don't find it interesting to put my money on a stable coin. Though the risk is low but bigger rewards are from those high risk coins.

so it is with me who is still loyal to tether. maybe this coin will become a potential coin other than bitcoin which is hunted a lot. with more and more dollars coming in, it will certainly change the volume and price, so that everyone has it and stability is achieved

I like the of stablescoins, until some time ago we had only TETHER, and due to some problems other Stablecoins appeared for a diversification of USD dollars in many exchanges, I think this insentivo interesting, because more dollars will be inserted in the market crypto, generating income and volume to the market!

Very interesting and helpful website for the analysis. I have saved them in my favorites. Thank you.

We added most popular now. It's our first version of site. New stable coins will be added soon.

This tool would be a big help for those who are having a hard time analyzing the market situation. Your analysis would be a reliable source for those who are seeking help in trading.
I love how the list is being filtered. Everything is clear and understandable. It will be a helpful tool not just for beginners.

It's a good thing that you're offering services for analysis. It would be a big help for those who are aiming to find out which the movement and changes of some coins.
Knowing the number of transactions and coins being burned would bring us an idea and will help us make a firm decision on where to invest.

You should move this thread to the "Project development" forum.
I don't find stable coins to be interesting for me,but good luck with this project,OP.

At the end of 2018, I had an idea of  “simple one-page website” for stable coin analysis. The idea has grown into something more. We made a stable coin (so far only dollars) scanner!
The main issuers are connected: Tether (Omni, Ethereum and Tron blockchain are scanned), USD Coin, TrueUSD, Paxos, DAI, Gemini, Stable USD, Synth sUSD.
In the current implementation:
Homepage: https://cryptodollarcap.com
🔸 The concept of “CryptoDollar Dominance” has been introduced and this indicator is tracked;
🔸 The tabular form shows the share of each issuer of the stable coin, trading volumes, capitalization, turnover and supply change in the number of crypto dollars;
🔸 On the charts you can see in dynamics the number of crypto-dollars of each issuer, as well as its share relative to all crypto-dollars.
Daily changes: https://cryptodollarcap.com/changes
🔸 You can see how many stable coins were minted and burned in the last 24 hours and for each day separately, taking into account the number of transactions in the blockchain. You can also filter issuers and dates;
🔸 In the form of a graph, the dynamics of Stable Coins by a specific issuer for the period selected by the user is displayed.
Transaction page: https://cryptodollarcap.com/transactions
🔸 Each issue and burning of stable Coins is accompanied by a transaction that can be checked in the blockchain;
🔸 Filter by dates and issuers. The table shows the date of the transaction, the issuer, the number of crypto dollars burned or created, the current number of crypto dollars from the issuer. Each transaction has a link.


The service can be used for analytical purposes and during making trading decisions. For example, a trading robot, when receiving data on the issue of $ 20 million, may make a speculative decision on the purchase of top cryptocurrencies. For these purposes, we plan to implement an API for bots + Telegram-bot for traders.


The service logic was thought out in tandem with Gromov Yevgeny. Also he made all the technical implementation of the project. Designer and frontend developer were attracted to outsourse.

Looking forward to receiving feedback. Also we consider options for cooperation.