[Watcher Guru] JUST IN: Crypto stablecoin supply drops by $14.2 billion, largest decline since the 2022 bear market.

The aggregate supply of crypto stablecoins has contracted by $14.2 billion, marking the largest decline since the 2022 bear market. The drop signals that stablecoin holders are redeeming tokens or rotating capital out of the market rather than keeping dry powder on the sidelines. Stablecoin supply is closely watched as a proxy for liquidity available to buy crypto assets, so a contraction of this size points to reduced buying power across exchanges and DeFi protocols. The decline follows a period of sustained stablecoin growth and comes amid broader weakness in token prices. Traders will be watching whether the supply stabilizes or extends its decline in the coming weeks, alongside any rebound in exchange inflows and DeFi total value locked.