USDe Circulating Supply Falls 70% From October Bull Market Peak

USDe’s circulating supply has declined by 70% from its October bull market peak, when it exceeded $14 billion. According to Cointelegraph, the contraction marks a significant reduction in the stablecoin’s outstanding supply compared with levels seen at the market’s high point in October. The report highlights that the peak occurred during the October bull market period, when USDe’s circulating supply topped $14 billion, before subsequently shrinking by 70%. No additional details were provided on the drivers of the decline, the pace of the reduction, or whether the change reflects redemptions, shifts in demand, or broader market conditions. The update focuses specifically on the scale of the supply decrease relative to the October peak and does not include further commentary, projections, or related metrics.