The stablecoin’s value dropped 0.8% in February to $183.61 billion, while rival USDC showed slight recovery to $75 billion but stayed flat overall.
Tether’s market capitalization decreased for a second month in a row, falling 0.8% in February to $183.61 billion. This marks its first two-month downward trend since the collapse of Terra in 2022, which had significant repercussions across the stablecoin sector. In contrast, USD Coin (USDC) saw a rebound to roughly $75 billion from its January low, though its overall market value remained largely unchanged. The shift in capital highlights both ongoing volatility and market realignments in the stablecoin ecosystem.