Tether Shrinks Again: Crypto Market on Life Support?

Tether, the big daddy of stablecoins, keeps shrinking faster than a balloon with a slow leak. Its market cap is down a staggering 0.8% to $183.61 billion this month, following January’s pitiful 1% slide from an all-time high of $186.84 billion, as per CoinDesk data. Honestly, we haven’t seen this kind of shrinkage since TerraForm Labs’ spectacular crash in 2022, which wiped out billions in investor wealth and left stablecoin fans crying into their coffee.





