Stablecoin supply drops $14.2 billion in largest contraction since 2022 bear market
USDT and USDC supply fell nearly $11 billion over the past month, while gold-backed tokens held steady.
What happened
USDT and USDC supply fell nearly $11 billion over the past month, while gold-backed tokens held steady.
Why it matters
The development may change operating conditions or market expectations around Tether, USDC. Further confirmation and measurable outcomes matter.
Affected entities
Tether · USDTNeutralUSDC · USDCNeutral
View evidence
1 reports · 1 original report · 1 independent
- The BlockPrimary source · Supports · EN · 100%Stablecoin supply drops $14.2 billion in largest contraction since 2022 bear market ↗
Claims
- Stablecoin supply drops $14.2 billion in largest contraction since 2022 bear market Observed
Conflicts
No material conflict detected in the available evidence.
Timeline
- First reported
Market move following event
Market reaction is not yet available for this asset and time window.
Score explanation
Confidence · formula confidence-2.1.0
Source trust87
Independent corroboration51
Primary evidence35
Claim consistency82
Extraction confidence82
Attribution quality90
Impact · formula impact-2.1.0
Event magnitude45
Market relevance88
Entity significance82
Market breadth63
Novelty68
Urgency55
capital magnitude34
Ranking · formula rank-1.0.0
Confidence factor0.8515
Freshness factor0.9999
Breaking bonus0