Key Insights
USDT faced sharp monthly supply contraction.
Stablecoin market cap rose despite USDT decline.
Whales redeemed while new wallets accumulated.
Tether’s USDT moved toward its steepest monthly supply drop in three years as large holders increased redemptions in February. Artemis Analytics data showed circulating supply shrank by $1.5 billion this month after a $1.2 billion decline in January. The contraction echoed patterns last seen after the FTX collapse in late 2022, when liquidity stress hit centralized exchanges.
Tether USDT, monthly percentage supply change, monthly aggregate. Source: Artemis Analytics, Bloomberg
Bloomberg reported that the current pace placed USDT on track for its largest monthly pullback since that period of market dislocation. That shift occurred because redemptions outpaced fresh issuance during a month marked by reduced trading appetite. USDT remains the primary dollar-pegged stablecoin used as an entry vehicle into crypto markets,
We współpracy z: https://www.thecoinrepublic.com/2026/02/21/usdt-supply-slides-as-redemptions-accelerate/
