Tether's USDT Supply Falls $1.5 Billion In February, Largest Drop Since FTX Collapse

Tether's USDT Supply Falls $1.5 Billion In February, Largest Drop Since FTX Collapse

Tether's (CRYPTO: USDT) USDT supply has contracted by about $1.5 billion in February, marking its sharpest monthly decline since the collapse of FTX in 2022. Importance Rank:  1

Tether’s USDT Set for Biggest Monthly Retreat Since FTX Collapse

MARKET ANALYSIS | USDT Contracts as Stablecoin Market Expands in 2026 So Far

Although news this month has highlighted a pullback in the supply of the world’s largest stablecoin, Tether’s USDT, the broader stablecoin ecosystem continues to show ongoing expansion and diversification. Tether’s USDT is on track to record its largest monthly supply decline since the 2022 collapse of FTX, with roughly $1.5 billion removed from circulation in February 2026 alone following a previous $1.2 billion drop in January 2026. That contr…

USDT Supply Decline Marks Biggest Contraction Since FTX Era

The global stablecoin market is entering a new phase of recalibration as the circulating supply of Tether’s USDT falls roughly 1.7% over the past month, the steepest contraction since the aftermath of the FTX collapse in late 2022. The drop, which pushed total circulation below $184 billion in January 2026, highlights shifting risk appetite across the digital asset ecosystem as traders reduce exposure and move capital back into traditional fiat.…

USDT Experiences Largest Monthly Market Cap Drop Since FTX Collapse

USDT’s supply has decreased by 1.7% over the past month, and $1.5 billion in February. Its market cap has dropped from over $187 billion to around $184.3 billion in one month. Tether burned 3.5 billion USDT in February, after also burning 3 billion last month. USDT, the world’s biggest stablecoin, is declining faster than it has since the FTX crash in 2022. To be more precise, USDT’s circulating supply has decreased by 1.7% over the past month, …