Stablecoin supply decreased by 19.0564 trillion won over 30 days... fastest in about 4 years
Original headline스테이블코인 공급 30일간 19조564억원 감소…4년여 만에 가장 빨라
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Stablecoin supply shrank by $14.2 billion over the 30 days to November 9, the fastest contraction since June 2022, according to Glassnode's weekly report. The decline reflects net redemptions across dollar-pegged tokens rather than trading volume or price moves. The drawdown matters because stablecoins are the primary dry powder for crypto trading and on-chain liquidity, so a rapid shrink signals capital leaving the market or rotating into other assets. Watch whether the contraction persists in the coming weeks and whether it coincides with weaker spot volumes and ETF flows, which would confirm a broader risk-off shift.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
stablecoins, Glassnode, Bitcoin (BTC)
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