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VanEck Digital Assets Research Head Says Stablecoin Supply Fell $11.5 Billion

The market total reached $291.2 billion, while Tether and Circle accounted for about three-quarters of the decline.

By Enna Lee
Published
Clear glass discs sit spaced across a terracotta tray / TokenPost.ai
Clear glass discs sit spaced across a terracotta tray / TokenPost.ai

Matthew Sigel, VanEck’s digital assets research head, put the 30-day contraction in stablecoin supply at $11.5 billion, leaving the total at $291.2 billion.

Tether and Circle together accounted for about three-quarters of the decrease, Sigel said.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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