USDC shrank $361 million in a day as bitcoin fell below $70,000. USD1 lost 2%
The 20 biggest stablecoins lost $559 million in value in 24 hours, and Circle's USDC was most of it, CoinGecko data show. Tether's USDT barely moved this time, while a few smaller dollar tokens grew.
Key points
- USDC's market value fell $361.1 million, or 0.52%, to $69.06 billion in the 24 hours to 6:44 a.m. ET on November 13, 2026, on CoinGecko.
- The 20 largest stablecoins lost a combined $558.9 million. USDT fell $121.2 million, just 0.07%.
- World Liberty Financial's USD1 lost $64.9 million, or 2.0%, and the Global Dollar (USDG) $33.3 million, or 1.2%.
- YLDS grew $22.0 million, or 4.7%. Dai and Open USD also grew.
What moved
Stablecoins are tokens pegged to the US dollar. Their supply grows when people deposit dollars with an issuer and shrinks when they cash tokens in, so it is a rough gauge of money arriving in or leaving crypto. Because their prices stay near $1, a change in a stablecoin's market value is almost all a change in supply.
CoinGecko's stablecoin list, read at 6:44 a.m. ET on November 13, 2026, showed Circle's USDC at $69.06 billion, down $361.1 million, or 0.52%, in 24 hours. Its price barely moved, at $0.9995. In the same 24 hours bitcoin fell 5.0% and slipped below $70,000, per CoinGecko's market data.
Change in market value, 24 hours
US$ million
Source: CoinGecko API, stablecoins by market value, read November 13, 2026, 6:44 a.m. ET
Who shrank and who grew
The 20 largest stablecoins on CoinGecko lost a combined $558.9 million in a day. USDC was about two thirds of that. Tether's USDT, the biggest at $175.58 billion, fell only $121.2 million, or 0.07%.
Smaller dollar tokens fell faster in percentage terms. World Liberty Financial's USD1 dropped $64.9 million, or 2.0%, to $3.14 billion. The Global Dollar, USDG, lost $33.3 million, or 1.2%, and USDGO lost $14.8 million.
A few grew. YLDS added $22.0 million, or 4.7%, to $489 million. Dai rose $13.5 million and Open USD $11.2 million. Ethena's USDe and Sky's USDS were flat. PayPal's PYUSD slipped $1.8 million and Ripple's RLUSD $5.6 million.
CoinGecko's wider stablecoin category, which includes many smaller coins, was down 0.09% to $284.58 billion.
Market value data show how much of each coin exists, not who redeemed it or on which blockchain.
A slide, not a one-day drop
USDC has shrunk every day since November 8. CoinGecko's daily data put its market value at $70.47 billion at midnight UTC on November 8 (7 p.m. ET on November 7). By 6:46 a.m. ET on November 13 it was $69.06 billion, $1.41 billion lower, or 2.0%. The biggest daily step was the last one: about $497 million between midnight UTC on November 12 and midnight UTC on November 13.
USDT's run of losses was the bigger story earlier this week, when it shrank $2.69 billion in eight days. On the day bitcoin lost $70,000, the larger outflow came from USDC.
LC Insight analysis
This section is our reading of the facts above, not a statement of fact.
- We think the USDC drop points to cash leaving crypto during the sell-off. A coin moving between blockchains would not change its total.
- USDT's small change breaks from earlier this week, when it led the shrinkage. On the crash day the outflow showed up in USDC instead.
- USD1 fell 2% in one day. Smaller stablecoins can lose holders faster when markets turn.
What's next
- USDC against $69.06 billion
- Whether USD1 keeps falling from $3.14 billion
- Whether USDT starts shrinking again if bitcoin stays below $70,000
Disclaimer. This article is based on public information and the sources listed below as of the update time shown. It is for information only and is not investment, legal or tax advice. Figures may change as companies and authorities publish new data.
Sources
- CoinGecko API, USDC 7-day daily market value (read November 13, 2026, 6:47 a.m. ET)
- CoinGecko API, 20 largest stablecoins with 24-hour change in market value (read November 13, 2026, 6:44 a.m. ET)
- CoinGecko API, coin categories including stablecoins (read November 13, 2026, 6:45 a.m. ET)
- CoinGecko API, top 50 coins with 24-hour change (read November 13, 2026, 6:45 a.m. ET)
