Tether's USDT market cap drops $5.4B in 60 days, sparking stablecoin liquidity concerns
Tether's USDT market cap fell $5.4B from May to July 2026, dropping from ~$190B to ~$184B amid a broader $10B stablecoin contraction. Tether posted a $1.04B profit in Q1 2026 with an $8.23B reserve buffer, maintaining a 58% market share.
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