USDT Circulating Market Cap Falls by $1.5B in February

USDT’s circulating market capitalization declined by about $1.5 billion in February, marking the largest monthly drop since the December 2022 FTX crash.

Rich by Coin

2026-02-23

USDT’s circulating market capitalization declined by about $1.5 billion in February, the largest monthly drop for the stablecoin since the December 2022 FTX crash. The February decline marks the most pronounced monthly decrease since that crash. The movement followed a slight dip in January.

Previously, USDT had shown a continuous upward trend since former US President Trump returned to the White House. The February decline followed a January dip.