The supply of stablecoins in the fourth quarter was US$3.8 billion, and the net supply of the top five stablecoins by market capitalization turned po

The stablecoin supply in the fourth quarter of 2023 is $3.8 billion. This is the first positive net supply of the top five stablecoins in nearly two years. After six consecutive quarters of negative net supply, the top five stablecoins achieved a positive net supply of $3.8 billion in the fourth quarter. The last time the stablecoin supply was positive was in the first quarter of 2022, when the supply exceeded $17 billion.