Tether’s USDT Set for Biggest Monthly Retreat Since 2022

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Crypto:The market value of the world’s largest stablecoin is heading for a notable pullback this month, after largely uninterrupted growth since the return of pro-crypto President Donald Trump to the White House. The total amount of Tether’s USDT in circulation has fallen by about $1.5 billion so far in February, according to Artemis Analytics. The drop follows a smaller contraction in January and puts the stablecoin on track for its biggest monthly decline since December 2022, weeks after the collapse of Sam Bankman-Fried’s FTX exchange.