Tether's USDT Sheds $1B in Market Cap as Bitcoin Recovery Stalls
- —USDT market cap fell about $1 billion in five days
- —USDT balances on 19 platforms dropped $4.6 billion since July
- —USDC and RLUSD drew $1.9 billion over the same period
- —Bybit shed $1.66 billion in USDT and added $315 million in RLUSD
Why it matters: Shrinking stablecoin supply tightens liquidity and could undercut Bitcoin's recovery without fresh USDT issuance.
Source: Crypto Briefing