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ML STABLECOIN

6 min · DYOR Education
FreeOTHER · Margin lending
Goal

Break down ML STABLECOIN — USDT and USDC loans on Binance spot.

ML STABLECOIN: USDT loans on Binance spot, in dollars
ML STABLECOIN: USDT loans on Binance spot, in dollars
What it shows

Margin loans of a stablecoin — USDT or USDC, coins pegged to the dollar.

  • The fields are the same as in COIN ML, see the breakdown there. By default Hands USDT: borrowed minus repaid.
  • Does not depend on the coin on the chart: these are dollar loans across all of Binance spot.

A stablecoin is borrowed to buy crypto: that is a long on credit. A bar up — more dollars were borrowed than repaid: they are used to buy. Down — the dollar debt is being paid off: coins are sold for that. That is how it mirrors COIN ML.

An example. A trader expects a rise. He has 1 BTC and no dollars. He posts the BTC as collateral and borrows $50,000 USDT.

  1. Borrowed $50,000. In ML STABLECOIN: Borrowed USDT +50,000, Hands +50,000, Delta +50,000 for this bar. Nothing in TRADES.
  2. Bought 0.6 BTC with it at 84,000. COIN TRADES shows a buy of $50,000. Nothing in ML STABLECOIN: the debt is the same.
  3. Price rose to 90,000. He sells 0.6 BTC for $54,000 — a sell in TRADES — and repays $50,000. In ML STABLECOIN: Repaid +50,000, Hands 50,000 lower, Delta −50,000 for this bar. $4,000 minus interest is profit.
  4. Other outcome: price fell to 78,000. The dollar debt is the same, but the collateral got cheaper. He sells 0.6 BTC for $46,800, adds his own money and repays $50,000 — the same Repaid and the same Delta, but the sell is forced. If he is too late, the exchange sells the collateral itself: that is a liquidation on spot.

On the chart — thousands like him. Hands USDT +$100M: by the exchange data $100M more dollars were borrowed than repaid, and they are used to buy. Hands −$100M: debt is being paid off, and coins are sold for that. For a specific bar — Delta USDT.

borrowed cointo sell itdownward pressureborrowed USDTto buy the coinupward pressure
The same rising line on COIN ML and ML STABLECOIN means opposite things.
What it's for

The mirror of COIN ML. Dollars are borrowed to buy coins — that is demand for crypto on credit.

For example.

  • Hands USDT positive — more dollars were borrowed than repaid: borrowed dollars are used to buy coins.
  • Hands USDT negative — the dollar debt is being paid off: coins are sold for that.
  • Cumulative Delta USDT rises for weeks — the credit long across the market is piling up; turned down — it is being unwound.
  • COIN ML and ML STABLECOIN bars have the same sign, but the actions are opposite: there the coin is being sold, here it is being bought.
Where to find it
Indicators›OTHER›Margin lending›ML STABLECOIN
Settings
FieldOptionsDefaultWhat it changes
StablecoinUSDT
USDC		USDTWhich stablecoin's loans to count.
MetricHands Amount
Hands USDT
Loan Coefficient
Available
Borrowed
Repaid
Borrowed USDT
Repaid USDT
Delta
Delta USDT
Cumulative Delta
Cumulative Delta USDT		Hands USDTWhich field to show.
Each one is covered in “Settings in detail” above.
In short:
Borrowed / Repaid — borrowed and repaid over the last 24 hours.
Hands — their difference, net over 24 hours.
Loan Coefficient — Hands ÷ Borrowed.
Available — how much more can be borrowed.
Delta — net loan flow per bar: actually borrowed minus actually repaid.
Cumulative Delta — cumulative net flow.

With the USDT tag — in dollars, without it — in coins.
- Want the picture from the exchange data, borrowing or repaying — Hands USDT.
- Want the flow for each bar specifically — Delta USDT.
- Want the cumulative picture, debt piling up or being paid off — Cumulative Delta USDT.
- Want to know whether there is anything left to borrow — Available.
CD ModeOpen
High
Low
Close
Average		CloseApplies only to Cumulative Delta.
There are several minute values inside a bar — which one to show:
Close — at the end of the bar.

High or Low — the extreme inside the bar, if you want to see peaks.
Average — the bar average, smoother.
Open — at the start of the bar.
In alerts

Metric ML STABLECOIN. Condition fields:

StablecoinTimeframeML MetricCumulative Delta Mode
Try it yourself
  1. Turn on ML STABLECOIN, stablecoin USDT, metric Hands USDT.
  2. Compare the sign with COIN ML over the same day.
What you should get. The same sign on two indicators means opposite things. You saw it, not just read it.
Takeaway

ML STABLECOIN — the same loan fields, but for a stablecoin, across all of spot. Hands USDT positive — more dollars were borrowed than repaid, they buy crypto with them; negative — debt is being paid off, coins are sold. A stablecoin is borrowed to buy, a coin to sell: the same bar on two indicators means the opposite.

Quick check

Why do people borrow a stablecoin?

Show answer

Correct answer: To buy crypto with it

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