Glassnode’s weekly on-chain report published on November 11 showed that the supply of major stablecoins had declined by a net $14.2 billion over the past 30 days, the largest 30-day contraction since the bear market in June 2022.
USDT and USDC together fell by nearly $11 billion. Total stablecoin supply has dropped below $280 billion, its lowest level since September 2025.
Source: Glassnode’s “Week On-chain” report; The Block report dated November 11.
$BTC $ETH $USDT
USDT and USDC together fell by nearly $11 billion. Total stablecoin supply has dropped below $280 billion, its lowest level since September 2025.
Source: Glassnode’s “Week On-chain” report; The Block report dated November 11.
$BTC $ETH $USDT
