Tether (USDT) Market Cap Declines Again, Nears Second Consecutive Monthly Drop

The market capitalization of Tether (USDT), the world's leading stablecoin, has contracted once more. Data indicates this decline is part of a broader trend, with USDT's total value poised for a second straight monthly decrease. This sustained reduction in the circulating supply of the dominant dollar-pegged token highlights shifting capital flows and potential changes in trader positioning within the cryptocurrency ecosystem. Analysts monitor these supply dynamics as a key indicator of market liquidity and risk sentiment, often viewing a shrinking stablecoin supply as a signal of capital moving out of the crypto space or into other assets.