ChainInfo ProStablecoin Intelligence
WEEKLY BRIEF · 2026-11-09
WEEKLY BRIEF NO. 1 · 2–9 November 2026 · weekly

The first week on the record

Total tracked supply fell $4.5 billion, most of it real reductions in the largest coins; the peg-event log holds 24 entries, and two coins left the set, one of them because the source stopped pricing it.

THE WEEK IN REVIEW

ChainInfo Pro's daily record began on 2 November. In its first week, total supply across the 50 tracked stablecoins fell from $294.5 billion to $290.0 billion. Of the $4.46 billion difference, $4.16 billion was real change in coins tracked on both dates; the remaining $0.30 billion came from coins leaving and joining the tracked set.

The largest falls were in the largest coins: USDT down $1.98 billion, USDS down $0.95 billion, USDC down $0.92 billion and USD1 down $0.48 billion. USDe added $0.41 billion and RLUSD $0.29 billion. USDS had the sharpest single day among them, falling 13.3 percent on 7 November, from $6.449 billion to $5.594 billion.

The peg-event log, which takes one DefiLlama reading a day, holds 24 entries for the week. Twelve coins were already outside the ±20 basis point band when the record began. BUSD returned to the band after four days, having reached −51.5 basis points. OUSD left the band above the peg, reaching +31.6 basis points before returning after two days. FRAX was outside the band on every reading of the week, between −78.0 and −106.7 basis points.

Two notes on the data. cgUSD left the tracked set on 9 November because the source stopped publishing a price for it; its supply is unchanged and it is listed separately. fxUSD also left on 9 November, on rank: its supply fell from $57.7 million to $48.0 million, below the 50th coin. rwaUSDi was missing from the source's feed from 3 to 8 November and returned on 9 November, so the totals for those days are about $0.49 billion lower than they would otherwise have been.

THE WEEK IN EVENTS
Peg events24 entries on record; 13 open at week's end one daily reading per coin
RegulationEBA direct supervision of USDC begins 12 November classified significant on 14 October
CorrectionBoard text corrected on 6 November it had stated that no peg events were recorded and described an hourly two-source check that was not running
DatacgUSD unpriced and fxUSD out on rank from 9 November; rwaUSDi absent from the feed 3–8 November
THE NUMBERS
Total supply (9 Nov)$290.0 B $294.5 B on 2 Nov
Largest moves, 2–9 NovUSDT −$1.98 B, USDS −$0.95 B, USDC −$0.92 B, USDe +$0.41 B
Coins50 tracked · 18 unpriced, excluded · 1 held for verification
Peg board (9 Nov)13 of 50 outside ±20 bp
SOURCES
Supplies, prices and peg readings · DefiLlama · 2026-11-09 09:24 UTC
USDC significance classification · European Banking Authority
ONE THING WORTH UNDERSTANDING

A total can move without any coin changing its supply. Our totals cover the 50 largest stablecoins the source prices. When a coin loses its price, or drops out of the feed, it leaves the set and its supply leaves the total; when it returns, the total rises again. That is why this brief separates real supply change from changes in the set. A coin without a price is listed apart with its tokens outstanding, never counted at zero and never at an estimated value.

Educational information only. Not financial advice. Published 2–9 November 2026; every figure sourced above.all briefs →
Generated by an AI system and reviewed by a human editor before publication.