Tether and Circle Account for 77% of $11.5B Stablecoin Supply Drop

Stablecoin supply fell $11.5 billion over the past month to $291.2 billion, with Tether and Circle accounting for about 77% of the decline.

Tether’s supply fell $5.7 billion and Circle’s fell $3.2 billion, combining for $8.9 billion of the reported drop. The marketwide total contracted 3.8% and stood 7% below its 52-week high.

Median supply among stablecoins with more than $100 million in circulation declined 1% over the same period, well below the overall decrease. The figures show an uneven contraction but establish no specific cause for it.

Enna Lee

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to [email protected].