Defillama data reviewed on Nov. 14, 2026, showed stablecoin capitalization at $284.846 billion, down 8.41% from a May peak of $311 billion and 5.36% over 30 days. Tether’s USDT and Circle’s USDC accounted for 85.8% of supply, though both declined over the month.
RWA.xyz figures collected the same day put tokenized U.S. Treasury funds at $13.91 billion, down 5.36% over 30 days. Some funds grew despite the overall decline. The falling totals do not establish that money left cryptocurrency markets: changes in issuer or collateral preferences can also affect supply, and the figures do not show where redeemed capital went.
