Stablecoins, bank deposits, Treasury yields, and monetary transmission indicators

This dataset was created to support the paper "Stablecoins and the Limits of Modern Monetary Theory: Private Money, Liquidity Preference, and Conditional Sovereignty." It combines daily and monthly data on stablecoin market capitalization, U.S. commercial bank deposits, 3-month Treasury bill yields, the Federal Funds Effective Rate, and the VIX. It also includes event-window datasets for selected stablecoin stress episodes, including the Terra/Luna collapse and the USDC depeg.

Sources:Stablecoin market capitalization: DeFiLlama.U.S. commercial bank deposits: FRED series DPSACBW027SBOG.3-month Treasury bill yield: FRED series DTB3.Federal Funds Effective Rate: FRED series DFF.VIX: FRED series VIXCLS.