USDT
−0.0%Tether market capitalization drops significantly amid broader crypto market changes
Image: Crypto BriefingTether has shed roughly $6.6 billion in market capitalization over a 60-day period. The market cap of USDT fell to about $177 billion by early November. This supply reduction is the largest on record for the stablecoin. The dollar peg remained steady during the redemptions. Total stablecoin supply and overall market liquidity also declined during the same period.
Key points
- The dollar peg for USDT remained steady throughout the recent redemptions.
- This supply reduction is the largest on record for the stablecoin.
- Total stablecoin supply and overall market liquidity also declined during the same period.
Why it matters
Changes in stablecoin supply alter the amount of digital cash available in the market for trading and acquiring other crypto assets.
Price context · USDT
At publication
$0.9992
Now
$0.9993
Change since
+0.01%
7 days · dashed line = publication
Sources · 2 publishers
Blockonomi
Tier 3
Tether (USDT) Price Shadowed by Record $6.6B Supply Drop, Twice the FTX Decline
Coverage timeline
- First reported by Crypto Briefing
- Also reported by Blockonomi
- CryptoVideos brief published
How this page is checked. AI drafted this brief from selected independent reports. Automated checks compare numbers, source coverage and topic terms, but may miss errors. Publication and evidence refreshes run automatically. Read the linked reports for context. Report an error
