VanEck Head of Research: Stablecoin Supply Down $11.5 Billion in 30 Days

According to TechFlow, on November 4, Matthew Sigel, Head of Digital Assets Research at VanEck, posted on X that total stablecoin supply fell by $11.5 billion (-3.8%) over the past 30 days to $291.2 billion, 7% below the 52-week high.

Tether fell by $5.7 billion and Circle by $3.2 billion, together accounting for about three-quarters of the decline.

Among the 37 stablecoins with supply above $100 million, the median 30-day change was only a 1% decline, but the median decline from their respective 52-week highs reached 23%.

Source: TechFlow