Stablecoin market cap declines to $295.9 billion
CIE News ·
Based on reporting by CoinMarketCap; not yet independently confirmed.
The total stablecoin supply dropped to roughly $295.9 billion on November 3, 2026, marking a 13-month low after shedding about $5.7 billion over seven days, according to CoinMarketCap.
The aggregate circulating stablecoin supply fell to roughly $295.9 billion on November 3, 2026, reaching its lowest level since September 2025. According to CoinMarketCap, the sector lost about $5.7 billion over the preceding seven days, extending a broader decline of approximately $11.4 billion since October 5, 2026. Tether (USDT) drove most of the reduction, falling to a circulating capitalization of $178.8 billion, while USD Coin (USDC) supply stayed largely unchanged.
The contraction coincided with significant spot Bitcoin ETF outflows, which reached $1.04 billion across October 30 and November 2, 2026. CoinMarketCap noted that BlackRock's IBIT represented the entirety of net outflows on November 2, marking its largest single-day exit since June. Bitcoin (BTC) traded near $77,300 on November 3, approximately 2% above the $75,800 short-term holder cost basis reported by Checkonchain.
Key facts
- Market cap at $295.9B
- 13-month low
- -$5.7B over 7 days
- USDT cap at $178.8B
Read the original at CoinMarketCap