Tether’s USDT Set for Biggest Monthly Retreat Since 2022 (1)

The market value of the world’s largest stablecoin is heading for a notable pullback this month, after largely uninterrupted growth since the return of pro-crypto President Donald Trump to the White House.

The total amount of Tether’s USDT in circulation has fallen by about $1.5 billion so far in February, according to Artemis Analytics. The drop follows a smaller contraction in January and puts the stablecoin on track for its biggest monthly decline since December 2022, weeks after the collapse of Sam Bankman-Fried’s FTX exchange.

A spokesperson for Tether said in a statement that USDT remains the largest stablecoin ...