# Tether Market Cap Drops $6.6 Billion

> Tether's USDT market cap fell $6.6 billion over 60 days, a decline larger than FTX's redemption drop.
- Title: Tether Market Cap Drops $6.6 Billion · TokenPost | Shortify
- Summary: Tether's USDT market cap fell $6.6 billion over 60 days, a decline larger than FTX's redemption drop.
- Keywords: tether, usdt, market cap, ftx, redemption wave, december 2022, crypto, TokenPost
- Source: TokenPost — https://tokenpost.com/news/investing/53232
- Published: 2026-11-10T17:02:51+00:00
- Read time: 1 min
- Topics: tether, usdt, market cap, ftx, redemption wave, december 2022, crypto, finance
## Tether Market Cap Decline
Tether's USDT market capitalization fell $6.6 billion over 60 days, a decline larger than the drop during the redemption wave after FTX collapsed in December 2022.
## USDT Stablecoin Role
USDT is a widely used stablecoin designed to maintain a one-to-one peg with the U.S. dollar. Its liquidity levels influence market dynamics and traders' ability to enter or exit positions.
## Bitcoin Demand Drop
Bitcoin demand contracted by 284,000 BTC over the past month, its steepest decline since March 2025. The Coinbase Premium Index was negative for 30 consecutive days, pointing to weak spot demand.
## Key takeaway

Tether's USDT market cap decreased $6.6 billion in 60 days, exceeding FTX's December 2022 redemption decline.