A post by @WuBlockchain on X.
CryptoQuant: USDT Market Cap Falls $6.6B in 60 Days as Crypto Liquidity Tightens
@WuBlockchain on X
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USDT’s market capitalization contracted by $6.6 billion over the past 60 days, according to a November 10 CryptoQuant report cited by Wu Blockchain, marking a larger decline than the one seen during December 2022’s redemption wave. The drop points to tightening crypto liquidity as the largest stablecoin’s supply shrinks. CryptoQuant framed the move as a sign of reduced dollar-backed liquidity across crypto markets. Traders will watch whether USDT’s market cap stabilizes or extends its decline, and whether other stablecoins offset the contraction.
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Named in this story
USDT, CryptoQuant, Wu Blockchain