Tether Supply Decline Reveals Wider Stablecoin Contraction

TLDR CryptoQuant reports that USDT market capitalization contracted by $6.6 billion over 60 days. CryptoQuant says the contraction exceeded twice the comparable December 2022 decline following FTX’s collapse. DefiLlama recorded a $289.81 billion stablecoin market on November 10, down 4.57% over 30 days. USDT retained approximately 60.81% of stablecoin market capitalization despite declining supply. USDC [...]

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