VanEck Research Head: Stablecoin Supply Decreased by $11.5 Billion in 30 Days

Stablecoin supply contracted by $11.5 billion, or 3.8%, over the past 30 days to $291.2 billion, leaving it 7% below its 52-week high, according to VanEck digital asset research head Matthew Sigel. Tether accounted for $5.7 billion of the decline and Circle for $3.2 billion, together roughly three-quarters of the drop. Among the 37 stablecoins with supply above $100 million, the median 30-day change was just -1%, but the median drawdown from each token's 52-week peak reached 23%. The data points to broad de-risking across stablecoin liquidity rather than a single issuer's redemption, a signal worth watching for its impact on crypto market depth and trading volumes.