USDT Market Cap Drops $1.5 Billion, Largest Decline Since 2022

USDT Market Cap Sees Sharp Decline

New data from Artemis Analytics reveals that the global leading stablecoin USDT has seen its market cap drop by approximately $1.5 billion this month, marking the largest decline since the FTX exchange collapse in December 2022.

Prior to this, USDT had maintained an upward trend following the former U.S. president's return to political prominence. However, that momentum began to wane after a slight drop in January, and the decline has now widened.

Market Response and Future Outlook

This drop has drawn close attention from investors and analysts alike. While USDT still dominates the stablecoin market, fluctuations in its market cap may signal shifts in market sentiment.

• USDT market cap down by $1.5 billion
• Biggest drop since December 2022
• Minor decline observed in January

Looking ahead, the market will be watching USDT's trajectory and its potential impact on the broader cryptocurrency ecosystem.