Intelligence Dashboard
Market signals and provider intelligence at a glance
Latest Signal Reading
View All ReadingsUSDC supply rose $1.0B over the past 5 days, marking the third consecutive week of net inflows. Per BIS WP 1270 methodology, inflows of this magnitude are associated with 2.5-3.5 bps of yield compression in 3-month T-bills under normal supply conditions.
Current bill supply is adequate (Treasury announced $85B in 4-week bills this week), which limits the amplification effect. The signal reads mild tightening rather than the 5-8 bps compression seen during scarcity periods.
FRED 3-month yield at 3.61% is stable. The stablecoin inflow is consistent with GENIUS Act implementation preparation by issuers increasing T-bill reserve positions. Watch for acceleration as the January 2027 compliance deadline approaches.
GPS Tier 1 Providers
Full Scorecards| Provider | Score | Flags |
|---|---|---|
| TRM Labs L7 Compliance | 8.98 | |
| Circle L6 Settlement | 8.95 | |
| Chainalysis L3 Analytics | 8.92 | |
| BitGo L4 Custody | 8.88 | |
| Fireblocks L4 Custody | 8.85 | |
| Securitize L2 Issuance | 8.80 | |
| LACChain L1 Network | 8.60 |
Platform Activity
LiveStablecoin Treasury Pulse
On-chain stablecoin flow signals for short-duration fixed income positioning
Signal Feed
3 entriesUSDC supply rose $1.0B over the past 5 days, marking the third consecutive week of net inflows. Per BIS WP 1270 methodology, inflows of this magnitude are associated with 2.5-3.5 bps of yield compression in 3-month T-bills under normal supply conditions.
Current bill supply is adequate (Treasury announced $85B in 4-week bills this week), which limits the amplification effect. The signal reads mild tightening rather than the 5-8 bps compression seen during scarcity periods.
FRED 3-month yield at 3.61% is stable. The stablecoin inflow is consistent with GENIUS Act implementation preparation by issuers increasing T-bill reserve positions. Watch for acceleration as the January 2027 compliance deadline approaches.
Modest inflow of $280M over 5 days is below the 2-standard-deviation threshold identified by BIS WP 1270 as the trigger for statistically significant yield effects. Signal reads neutral — flow size is insufficient to generate a positioning signal.
The 2 bps drop in 3-month T-bill yield is attributable to macro factors (Fed communication dovish tilt at January meeting, market pricing 2 additional cuts) rather than stablecoin-driven supply/demand dynamics. No stablecoin-specific action indicated.
Significant inflow of $1.3B exceeds the 2-standard-deviation threshold, suggesting a measurable yield compression signal of approximately 3-4 bps over the next 5-10 trading days. This is the strongest reading since the signal pipeline went live.
Contributing factor: Circle announced a new institutional onboarding wave tied to GENIUS Act preparation, driving corporate treasury conversions to USDC. The inflow is structural (reserve-building) rather than speculative, which historically produces more persistent yield effects per the BIS asymmetry finding.
Bill supply context: Treasury is running elevated auction sizes ($90B in 4-week bills), partially offsetting stablecoin demand pressure. Net effect: moderate tightening signal. Duration positioning implication: favor the short end of the 1-6 month curve this week.
GPS Provider Intelligence
GSC Provider Score v2.2 — 37 providers, 6 dimensions, 3 overlay flags
Top 15 Providers by GPS Score
37 total scored| # | Provider | Primary Layer | Score | Tier | Flags |
|---|---|---|---|---|---|
| 1 | TRM Labs | L7 Compliance | 8.98 | Strategic | |
On-chain risk intelligence across 75+ jurisdictions. Used by US government agencies. D1 Regulatory: 9.5 | D3 Security: 9.2 | LatAm coverage expanding via partnerships. | |||||
| 2 | Circle | L6 Settlement | 8.95 | Strategic | |
USDC issuer ($74.5B supply). MiCA-compliant, IPO-track. D1 Regulatory: 9.3 | D2 Governance: 9.0 | Native USDC on 15+ chains. Full reserve attestation by Deloitte. | |||||
| 3 | Chainalysis | L3 Analytics | 8.92 | Strategic | |
Blockchain intelligence leader used by 60+ governments and 500+ institutions. D1 Regulatory: 9.4 | D4 Track Record: 9.0 | KYT and Reactor tools are industry standard. | |||||
| 4 | BitGo | L4 Custody | 8.88 | Strategic | |
Qualified custodian, $250B+ assets secured. $250M insurance. D3 Security: 9.1 | D2 Governance: 8.8 | Multi-sig and MPC key management. SOC 2 Type II certified. | |||||
| 5 | Fireblocks | L4 Custody | 8.85 | Strategic | |
MPC wallet infrastructure, $10T+ transferred. D3 Security: 9.3 | D6 Integration: 9.0 | 1,800+ institutional clients. Direct API integrations with all major exchanges. | |||||
| 6 | Securitize | L2 Issuance | 8.80 | Strategic | |
SEC-registered transfer agent. BlackRock BUIDL ($2.17B). D1 Regulatory: 9.2 | D4 Track Record: 8.8 | Multi-layer: L2 Issuance + L5 Asset Mgmt + L7 Compliance. | |||||
| 7 | LACChain | L1 Network | 8.60 | Strategic | |
IDB Lab-funded L1 network. 21 LatAm countries, 150+ projects. D5 LatAm: 9.5 | D2 Governance: 8.5 | Permissioned Hyperledger Besu. Selected L1 for Peru pilot. | |||||
| 8 | Ripple | L2 Issuance | 8.45 | Qualified | |
Cross-border payments in 55+ countries. Multi-layer: L2+L4+L6. D4 Track Record: 8.5 | Consortium Fit: AMBER. SEC settlement resolved. RLUSD stablecoin launched. | |||||
| 9 | SDX | L4 Custody | 8.38 | Qualified | |
SIX Swiss Exchange digital arm. FINMA-regulated. Multi-layer: L4+L5+L7. D1 Regulatory: 9.0 | Consortium Fit: AMBER. Focus on European institutional market. | |||||
| 10 | Ondo Finance | L5 Asset Mgmt | 8.22 | Qualified | |
OUSG tokenized Treasuries. D4 Track Record: 8.0 | DFI Acceptability: AMBER. 73.9% top-10 holder concentration flagged. 56 holders limit broad-based DFI use. | |||||
| 11 | Notabene | L7 Compliance | 8.20 | Qualified | |
Travel Rule compliance platform, 200+ VASPs connected. D1 Regulatory: 8.5 | D6 Integration: 8.2 | Critical for cross-jurisdictional DFI transaction compliance. | |||||
| 12 | Broadridge | L5 Asset Mgmt | 8.18 | Qualified | |
$10T+ in custody and processing. DLT platform for repo/fixed income. D4 Track Record: 8.5 | Consortium Fit: AMBER. Bridge between TradFi and digital infrastructure. | |||||
| 13 | Archax | L4 Custody | 8.15 | Qualified | |
FCA-regulated digital exchange and custodian. Multi-layer: L4+L5+L7. D1 Regulatory: 8.3 | UK institutional focus with growing European presence. | |||||
| 14 | R3 Corda | L1 Network | 8.10 | Qualified | |
Enterprise blockchain, 300+ firms on network. D2 Governance: 8.0 | Consortium Fit: AMBER. Restructured 2023. Strong in trade finance and CBDC pilots. | |||||
| 15 | Chainlink | L3 Analytics | 8.05 | Qualified | |
Oracle infrastructure, $75B+ TVS. CCIP cross-chain interoperability. D3 Security: 8.2 | D6 Integration: 8.5 | SWIFT/DTCC pilot partnerships for institutional adoption. | |||||
Watch Items
ONDO Finance (8.22): On-chain verification flagged 73.9% top-10 holder concentration. Governance risk for institutional mandates requiring decentralized ownership structures. Monitor quarterly.
OUSG Token: 81.1% concentration rated CRITICAL. Expected for institutional-only product (56 holders), but limits use in DFI projects requiring broad-based access. Not a downgrade trigger but documented.
PoliBit (3.65): DO NOT ENGAGE status confirmed. Insufficient regulatory licensing, no institutional track record, red-flagged on DFI Acceptability overlay.
Solana (6.55): DFI Acceptability RED. Technical capabilities strong but institutional positioning and governance structure do not meet DFI procurement standards.
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