Stablecoin Supply Falls $14.2 Billion in 30 Days, Biggest Drop Since 2022 Crypto Bear Market
JH Kim
Summary
- Stablecoin supply fell by $14.2 billion over the past 30 days.
- The drop was the largest since the 2022 cryptocurrency bear market.
- Total stablecoin supply contracted over the past month.
Forecast Trend Report by Period
The supply of stablecoins fell by $14.2 billion over the past 30 days, the steepest decline since the 2022 cryptocurrency bear market.
Cointelegraph reported on Nov. 11 that tracked stablecoin supply shrank by $14.2 billion over the past 30 days.
The decline was the largest since the 2022 bear market and marked the sharpest 30-day drop in stablecoin supply in recent years.
Stablecoin supply is a gauge of the amount of stablecoins circulating in the market. The latest figure shows total stablecoin supply contracted over the past month.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.