SIGNAL

Live instruments for arguments already made.

Every Amsig report is dated and fixed. Signal is where its numbers keep moving. Each instrument reruns the report's own model on fresh data every morning and keeps the original analysis beside it, so you can see whether the thesis still holds.

CADENCE

Rerun daily at 06:00 UTC from public sources and dated disclosures.

Figures are model estimates, not disclosed results. Every input carries its date.

INDEX2 instruments · 1 live
No. 01

Stablecoin Revenue

Who keeps the yield on USDT, USDC and USDe.

$5.68BTether gross interest
$1.42BRetained by Circle
$0.20MRetained by Ethena

Stablecoin Revenue: Who's Actually Making Money?

Report · July 2026

LIVE

Updated 20 Oct 2026, 10:02 UTC

Open instrument →

No. 02

The DAT Discount

Whether treasury companies trade below what they hold.

The DAT Discount: Buy Signal or Broken Metric?

Report · August 2026

IN PREPARATION
HOW AN INSTRUMENT READS
i.

The report

Fixed on its date. The argument, the sources and the snapshot it was built on stay exactly as published.

ii.

The instrument

The same model, rerun each morning on live supply and rates, with quarterly disclosures updated as they land.

iii.

The gap

Where the two disagree is where the reading changes. That is the signal worth watching.