USDT Supply Drops $870 Million in 11 Days as 60-Day Trend Weakens

USDT supply has contracted more sharply in recent days, with CryptoQuant figures showing a decline of about $870 million over the past 11 days.

The pullback forms part of a broader weakening in the stablecoin’s supply trend. On a 60-day rolling basis, the change has dropped by approximately $4 billion, according to the data.

Stacy Muur attributed the contraction partly to investors cashing out of crypto, with some stablecoin holdings being converted into fiat rather than redeployed within digital-asset markets. The analyst also cited shifts in stablecoin yields as another possible factor.

Source: CryptoQuant