USDT
−0.0%Stablecoin supply drops fourteen billion dollars over thirty days
Image: CointelegraphThe total supply of stablecoins dropped by 14 billion dollars over a thirty day period according to Glassnode data. This decrease is the fastest reduction recorded since June 2022. Tether and Circle accounted for nearly 11 billion dollars of the total reduction. Total stablecoin supply sits just below 280 billion dollars. Holders are redeeming stablecoins for dollars and removing cash from the market.
Key points
- This decrease is the fastest reduction recorded since June 2022.
- Holders are redeeming stablecoins for dollars and removing cash from the market.
Why it matters
A shrinking stablecoin supply means holders are redeeming tokens for fiat currency, which leaves less liquidity available for cryptocurrency market activity.
Price context · USDT
At publication
$0.9991
Now
$0.9991
Change since
+0.00%
7 days · dashed line = publication
Sources · 2 publishers
Cointelegraph
Tier 1
Stablecoin supply falls $14.2B in biggest 30-day drop since June 2022
Coverage timeline
- First reported by Crypto Briefing
- Also reported by Cointelegraph
- CryptoVideos brief published
How this page is checked. AI drafted this brief from selected independent reports. Automated checks compare numbers, source coverage and topic terms, but may miss errors. Publication and evidence refreshes run automatically. Read the linked reports for context. Report an error
