Stablecoin supply hits $298.5 billion, lowest since August

Stablecoin total supply has fallen to $298.5 billion, its lowest level since August, down $3.1 billion from the prior reading, according to an Odaily report published January 1 at 2:38 p.m. Korea time. Supply stood at $303.7 billion on January 1, meaning the current figure is $5.2 billion below the start-of-year level, with $2.1 billion of the decline recorded through October 28 and the remaining $3.1 billion since. The contraction follows a year in which stablecoin supply grew 49% in 2025, rising from $203.2 billion to $303.7 billion, before slipping below the start-of-2026 level. The aggregate figure is distinct from individual stablecoin or exchange-specific balances. A sustained drop in stablecoin supply is often read as a signal of reduced dry powder for crypto purchases, so traders will watch whether the outflow continues or stabilizes in coming weeks.