VanEck Head of Research: Stablecoin Supply Drops by $11.5 Billion Over 30 Days

On Nov. 4, Matthew Sigel, Head of Digital Asset Research at VanEck, posted on X stating that the total supply of stablecoins decreased by $11.5 billion (-3.8%) over the past 30 days, falling to $291.2 billion, 7% below its 52-week high.

Of this decline, Tether decreased by $5.7 billion and Circle by $3.2 billion, together accounting for approximately three-quarters of the total drop.

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