USDC and USDT stablecoin market capitalizations have contracted by 3.6% and 2% respectively over the past 30 days, reflecting a broader liquidity drain from cryptocurrency markets since November 2025, according to CryptoQuant analysis.
The decline in stablecoin market value signals net capital outflows from the broader crypto ecosystem, as withdrawals have outpaced new inflows during the period. Stablecoin supply typically contracts during liquidity crunches when investors reduce leveraged positions or exit risk assets entirely, making the concurrent declines in both USDC and USDT significant indicators of market-wide deleveraging pressures.
Source:cryptoquant.com