Stablecoin Market Cap Down $14B Since May, Recovery Weak: Analyst

Stablecoin supply is often read as dry powder for crypto markets, so a $14 billion contraction since May matters less as a headline than as a signal about liquidity appetite. The $4 billion September rebound suggests the outflow pressure is easing, but the analyst's own framing — weak recovery, momentum still lacking — implies the market is stabilising rather than reflating. The open question is whether that rebuild broadens into sustained inflows; until it does, the marginal buyer underpinning any move to new highs looks thin.