{"success":true,"engine":"Black Belt Labs","metric_id":"M50036","name":"USDT Circulating Share","category":"stablecoin","classification":"classic","update_frequency":null,"inputs":["Aggregated crypto market data"],"inputs_are":"types of input","lookback_windows":[],"lookback_basis":null,"formula":"USDT circulating supply as a percentage of total supply (the unissued treasury share). Not a velocity measure; see M10138 for transfer velocity.","formula_published":true,"definition_version":"v00001","definition_history":[{"version":"v00001","effective_from":"2026-07-15T03:45:40Z","change_note":"initial recorded definition"},{"version":"2.0","effective_from":"2026-10-22T06:50:00Z","change_note":"Renamed from Stablecoin Velocity Index to USDT Circulating Share (it is USDT circulating supply / total supply, a treasury share, not a velocity); calculation unchanged."}],"methods":["progr"],"disclaimer":"Madjik metrics are informational market indicators computed by Black Belt Labs. They are not investment advice, an offer, or a recommendation to buy or sell any asset."}