COINTELEGRAPH · 2026-11-12 11:38 UTC

Stablecoin supply falls $14.2B in biggest 30-day drop since June 2022

Stablecoin supply fell $14.2 billion over the 30 days to Nov. 11, the largest 30-day drop since June 2022, according to Glassnode. Glassnode said holders are redeeming stablecoins for dollars, leaving less liquidity for a rally; USDT is trading slightly below its $1 peg. The Coinbase Premium Index stayed negative, falling to -0.27% on Oct. 29, its lowest since November 2022, while Bitcoin trades near 11-week lows.

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