Stablecoin supply shrinks by $14.2B in 30 days, Glassnode says

Stablecoin supply contracted by $14.2 billion over the past 30 days, according to Glassnode, marking a broad pullback in dollar-pegged token liquidity across the crypto market. The decline signals investors are redeeming stablecoins rather than deploying capital, a shift that typically precedes or accompanies risk-off conditions in digital assets. The contraction matters because stablecoins serve as the market's primary dry powder for buying Bitcoin, ether and other tokens, so shrinking supply can dampen upside momentum and amplify volatility. Traders will watch whether the decline extends into a second month and whether it coincides with falling exchange balances or rising Bitcoin dominance.