VanEck Head of Digital Assets Research Matthew Sigel said total stablecoin supply declined by $11.5 billion over the past 30 days, bringing the aggregate figure down to $291.2 billion. He added that roughly three-quarters of the drop came from Tether and Circle. The update was cited by ChainCatcher in a brief market news item. No additional breakdown, timeframe detail beyond the 30-day window, or token-level figures were provided in the source. The report identifies Sigel as the source of the figures and attributes the contraction in overall supply primarily to the two largest stablecoin issuers mentioned in the item.
ChainCatcher reported that Matthew Sigel, VanEck’s head of digital assets research, said total stablecoin supply fell by $11.5 billion over the past 30 days to $291.2 billion.
Sigel said Tether and Circle accounted for about three-quarters of the decline.
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