Over those 30 days, some holders shifted funds from stablecoins into fiat. The smaller stablecoin pool left fewer dollar-pegged tokens in circulation for crypto-market transactions.
Supply stood at $289.07 billion on Nov. 12, according to EconoTimes’ earlier coverage of the 30-day decline. Tether (USDT) fell by $8.31 billion to $175.65 billion, while USD Coin (USDC) declined by $2.97 billion to $69.89 billion. Together, the two made up about 85% of the dollar stablecoin market and accounted for most of the decrease.
