• Leading stablecoin Tether shrinks again as market cap looks set for second straight monthly drop Growth of tether and other top stablecoins has stalled, posing risk to the broader crypto market. • What to know: Tether’s market value has fallen for a second consecutive month, a rare contraction that echoes the post-Terra 2022 downturn and signals renewed stress in crypto markets. • Analysts say shrinking stablecoin supply, combined with weak demand for U.S.-listed spot bitcoin ETFs, raises doubts about the durability of any recovery in bitcoin and broader digital assets. • While USDC has rebounded from its January low to about $75 billion in market value, its growth has flattened this year, underscoring a broader stall across major stablecoins. • TetherUSDT$1.0002, the world’s largest stablecoin by market value, continues to shrink and looks set for a second straight monthly contraction, signaling challenging conditions for a sustainable broader market recovery. • Tether’s market capitalization has dropped by 0.8% to $183.61 billion this month, extending January’s 1% slide from a record $186.84 billion, according to data source CoinDesk.

Article Summaries:

  • Leading stablecoin Tether shrinks again as market cap looks set for second straight monthly drop Growth of tether and other top stablecoins has stalled, posing risk to the broader crypto market. What to know: - Tether’s market value has fallen for a second consecutive month, a rare contraction that echoes the post-Terra 2022 downturn and signals renewed stress in crypto markets. - Analysts say shrinking stablecoin supply, combined with weak demand for U.S.-listed spot bitcoin ETFs, raises doubts about the durability of any recovery in bitcoin and broader digital assets. - While USDC has reboun

Sources: