Mint/Burn Flows
Minting and redemption on each issuance chain, against its own 30-day norm.
How flows are measured
Net flow says whether tokens are being minted or burned right now. Pressure vs the 30-day norm says whether today's activity is stronger or weaker than each coin's recent pace, and the Bank Run Gauge weights that pressure by each coin's tracked supply.
| Coin | Pressure vs 30d | Net 24h |
|---|---|---|
Aggregate flows
7-day receipt
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How to read flows
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.
Mint/burn flow FAQ
What is the Bank Run Gauge?
A market-cap-weighted composite of each tracked stablecoin's Pressure Shift: a signed -100 to +100 signal. Scores below -10 indicate worsening redemption pressure; scores ≥ +10 indicate improving issuance pressure. It measures unusual redemption pressure, not literal net direction, and is unavailable when data is insufficient.
What do mint and burn events indicate?
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.
What does the pressure shift vs the 30-day norm mean?
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.