According to CoinMeta, the total supply of stablecoins has dropped to $298.5 billion, the lowest level since August. Since October 28th, the total supply of stablecoins has decreased by $3.1 billion, representing a reduction of $5.2 billion compared to January 1, 2026. Milk Road notes that in 2025, the supply of stablecoins grew from $203.2 billion to $303.7 billion, an increase of 49%. Between January 1, 2026, and October 28th, the supply of stablecoins shrank by $2.1 billion, with the peak for the year occurring on May 17th at $315.5 billion.