Stablecoin supply to increase ahead of US election, Tether holds $55.8 billion worth of BTC in reserves.
Global stablecoin supply has fallen 2.7% in two months to $177.9 billion, according to a report from HourNetwork. The decline in supply was driven by PayPal's dollar-pegged stablecoin PYUSD, which saw its supply drop by about 50% to $300 million from $6.6 billion last month.