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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.

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A short row of silver tokens ends at a conspicuous empty space / TokenPost.ai
A short row of silver tokens ends at a conspicuous empty space / TokenPost.ai

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.

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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