Tether supply falls $6.6 billion in 60 days, faster than post-FTX decline
AI summary
Tether's USDT supply has contracted by $6.6 billion over 60 days, a faster drawdown than the decline seen after the FTX collapse. Shrinking stablecoin supply signals liquidity leaving crypto markets, which traders watch as a proxy for buying power and risk appetite. The pace of the drop raises concerns about stablecoin market liquidity and warrants close monitoring.
