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The total supply of stablecoins increased from $203.2 billion in 2025 to $303.7 billion. From January 1 to October 28, 2026, the total supply of stablecoins decreased by approximately $2.1 billion to approximately $301.6 billion. The stablecoin supply peaked at $315.5 billion on May 17 and then declined. Specifically, USDT and USDC saw their supply decrease by $5.3 billion and $4 billion respectively during the year, while other stablecoins collectively increased by $7.2 billion. During the same period, the price of Bitcoin fell by approximately 7%. (Source: Milk Road Crypto)