New Supply Issued (USD) shows the market value of the day’s newly created Bitcoin. It is the valuation-side companion to native issuance, so it translates protocol supply flow into dollar terms.
A rising series usually means newly issued supply is worth more in market terms, while a falling series means the same flow is worth less. It is most useful with New Supply Issued in sats and miner-economics metrics, where the question is protocol issuance versus market-value scale.
The key distinction is denomination. BTC issuance changes only stepwise across halving eras, but the USD version can move sharply with price. It should therefore not be read as a pure schedule metric.
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