Stablecoin Market Sheds $12.7B as Crypto’s Dry Powder Runs Thin
AI summary
The stablecoin market has contracted by $12.73 billion since May 22, falling to $300.36 billion as of Oct. 25, 2026. Tether's USDT and Circle's USDC led the decline, with USDC alone losing $4.69 billion over 30 days. Traders watch stablecoin supply as a proxy for sidelined buying power, so the shrinkage suggests less dry powder available to rotate into crypto, though the excerpt notes the bearish read is not straightforward.
