Stablecoin Supply Falls $14.2 Billion in 30 Days, Biggest Drop Since 2022 Crypto Bear Market

Summary

• Stablecoin supply fell by $14.2 billion over the past 30 days.
• The drop was the largest since the 2022 cryptocurrency bear market.
• Total stablecoin supply contracted over the past month.

Forecast Trend Report by Period

The supply of stablecoins fell by $14.2 billion over the past 30 days, the steepest decline since the 2022 cryptocurrency bear market.

Cointelegraph reported on Nov. 11 that tracked stablecoin supply shrank by $14.2 billion over the past 30 days.

The decline was the largest since the 2022 bear market and marked the sharpest 30-day drop in stablecoin supply in recent years.

Stablecoin supply is a gauge of the amount of stablecoins circulating in the market. The latest figure shows total stablecoin supply contracted over the past month.

JH Kim