USDC's $4.69 billion loss makes up most of the stablecoin market's monthly decline

As of Oct. 25, Circle’s USDC had lost $4.69 billion over 30 days, accounting for about 80% of the net decline among the 13 largest stablecoins, which fell $5.82 billion combined. The total stablecoin market stood at $300.36 billion, down $12.73 billion since May 22. USDC’s market capitalization was $71.743 billion, down $878.72 million in the prior week, while Tether’s USDT lost $1.29 billion over the month but retained a 60.74% share at $182.423 billion. Standard Chartered pushed its forecast for a $2 trillion stablecoin market to 2030 from 2028; Geoffrey Kendrick, its head of digital assets research, said supply has stayed between $300 billion and $320 billion over the past year.