# Stablecoin Issuance and Redemptions Change Circulating Supply

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/51670
Published: 2026-11-08T15:56:46.000Z
Updated: 2026-11-08T15:56:46.000Z
Section: Investing

> Transfers do not alter circulating supply. A price move can change market capitalization even when no tokens are issued or redeemed.

Issuance and redemptions change the number of stablecoins in circulation, while transfers do not. That distinction separates changes in supply from the movement of existing tokens.

A stablecoin’s market capitalization can change when its price moves, even if circulating supply stays the same.

Market share compares a stablecoin’s market capitalization with the total market capitalization of stablecoins. It shows the stablecoin’s portion of that total.