Stablecoin Liquidity Evaporates as Supply Drops $14.2 Billion in a Month

Major stablecoins have lost $14.2 billion in supply over the past 30 days, marking the steepest monthly decline since the 2022 bear market. Total supply has now slipped below $280 billion for the first time since September 2025.

USDT and USDC accounted for roughly $11 billion of the outflow. CryptoQuant data shows USDT’s market cap alone fell $6.6 billion in the 60 days ending November 7 — more than twice the drop recorded after the FTX collapse.

Investors are converting these tokens into actual dollars and exiting the crypto ecosystem, directly reducing the ready liquidity available on exchanges and in DeFi protocols.

Gold-backed tokens remained relatively steady near $5.61 billion. Analysts say fresh growth in stablecoin supply would be one of the clearest early signs of new capital returning, though the current contraction alone does not dictate bitcoin or altcoin prices.

Based on information from cryptonews.net