THE BLOCK · 2026-11-11 17:22 UTC

Stablecoin supply drops $14.2 billion in largest contraction since 2022 bear market

Total stablecoin supply fell $14.2 billion, the largest contraction since the 2022 bear market. USDT and USDC together shed nearly $11 billion in supply over the past month. CryptoQuant recorded a $6.6 billion drop in USDT over 60 days, more than twice the figure seen after the FTX collapse.

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