CapitalAdoption$6.6B
Tether supply drops $6.6 billion in 60 days, outpacing the post-FTX decline - Cryptonews.net
Tether's circulating supply contracted by $6.6 billion over a 60-day period, marking a faster drawdown rate than the post-FTX collapse phase.
So what
A multi-billion dollar contraction in primary offshore stablecoin liquidity signals significant de-risking and capital flight from crypto-native venues, directly reducing aggregate on-chain collateral and drying up spot market liquidity pools.