Stablecoin Supply Sees Modest Growth After Three-Month Contraction

The combined circulating supply of USDT and USDC increased by approximately $1.7 billion in August, marking the end of three consecutive months of contraction.

Data compiled by WuBlockchain show that combined USDT and USDC supply declined by approximately $2.6 billion in May, $6 billion in June, and another $2.2 billion in July, representing a cumulative contraction of roughly $10.8 billion over three months.

The expansion remains modest relative to the preceding contraction, with August's $1.7 billion increase only recovering around 16% of the combined supply lost during May through July.