[Total Stablecoin Supply Drops to $298.5 Billion, Lowest Level Since August] According to Sumcap data, the total supply of stablecoins has decreased by $3.1 billion since October 28, currently standing at $298.5 billion, the lowest level since August, and a decrease of $5.2 billion from January 1, 2026. Milk Road previously pointed out that the stablecoin supply increased by approximately $100 billion in 2025, a surge of 49%, from $203.2 billion to $303.7 billion. However, the supply is projected to shrink by $2.1 billion between January 1 and October 28, 2026. The peak for the year was $315.5 billion on May 17, after which it was all wiped out.