$6.6 Billion Contraction in USDT in 60 Days: More Than Double the Decline After FTX
Original headlineUSDT’de 60 Günde 6,6 Milyar Dolarlık Daralma: FTX Sonrasındaki Düşüşün İki Katından Fazla
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Tether’s USDT market capitalization has contracted by $6.6 billion over the past 60 days, a decline more than twice the drop recorded in December 2022 following FTX’s collapse, according to CryptoQuant. The stablecoin’s shrinking supply signals possible capital outflows from crypto markets or a rotation into other dollar-pegged assets. The scale of the contraction, exceeding the post-FTX drawdown, makes it a notable liquidity indicator for traders monitoring stablecoin trends. Watch next for whether the decline continues or stabilizes, and for shifts in USDT dominance versus rival stablecoins such as USDC.
Muhabbit's AI wrote this summary in its own words from Koinbülteni's report and translated it from Turkish. It can get details wrong, so check the source.
Named in this story
USDT, Tether, CryptoQuant, FTX