According to CoinMeta, Vaneck, the head of digital asset research, Matthew Sigel, stated that the total supply of stablecoins has decreased by $11.5 billion over the past 30 days, falling to $291.2 billion, which is 7% lower than the 52-week high. Among them, Tether decreased by $5.7 billion, and Circle decreased by $3.2 billion, with both contributing about three-quarters of the total decline. Among the 37 stablecoins with a supply of over $100 million, the median change in supply over 30 days decreased by 1%, which is a 23% decrease from their respective 52-week highs.