According to CoinMeta, citing data from DefiLlama, the total supply of stablecoins increased from $203.2 billion in 2025 to $303.7 billion in 2025, representing a growth of about 49%. However, from January 1 to October 28, 2026, the total supply of stablecoins decreased by approximately $2.1 billion to around $301.6 billion. On May 17 of this year, the supply of stablecoins reached a peak of $315.5 billion before subsequently declining. Among them, the supply of USDT and USDC decreased by $5.3 billion and $4 billion respectively over the year, while the combined supply of other stablecoins increased by $7.2 billion, which offset some of the decline. During the same period, the price of Bitcoin fell by about 7%.