The market cap of Tether’s USDT continued to fall for the second consecutive month, indicating a change in the liquidity.
The growth in the USDC stablecoin indicates that there is a rotation of funds within the stablecoins, and not a withdrawal from the crypto markets.
Tether has observed another fall in the market capitalization of its major stablecoin, Tether, for the second consecutive month. It is noted that the market capitalization of USDT reduced from above $186 billion in January to close to $183 billion in February. This reduction is one of the most prominent in supply. This is since the turmoil that happened after the crash in the crypto market in 2022. The supply of stablecoins is considered a representation of the liquidity level in the crypto market.
USDT is a key player in the crypto market due to the fact that investors often use it as a base pair for spot and derivative trades. As the circulating supply reduces, the liquidity available for trading may
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