1 min read
Dollar Stablecoin Supply Falls $14.86 Billion in Biggest 30-Day Drop Since 2022
The total fell from $303.93 billion to $289.07 billion, with Tether and USD Coin accounting for most of the decline.

Dollar stablecoin supply dropped $14.86 billion in the 30 days through Nov. 12, its largest such decline since May 2022, leaving the total near its September 2025 level.
The total fell from $303.93 billion to $289.07 billion.
Tether (USDT) circulation declined by $8.31 billion to $175.65 billion. Circle-issued USD Coin (USDC) fell by $2.97 billion to $69.89 billion. Together, the two stablecoins accounted for about 85% of total dollar stablecoin supply.