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I noticed that USDT is losing its market position again. The market capitalization of this stablecoin continues to decline for the second consecutive month — it is currently around 184 billion. It's interesting to observe how even the most popular stablecoin is not immune to market pressure.
People often forget that a stablecoin is not just a trading tool; it is an indicator of trust in the platform itself. When the capitalization drops, it signals that either users are withdrawing funds or switching to alternatives. The movement over the past month has been quite noticeable.
What’s interesting is that this stablecoin still dominates the market, but the trend is clearly downward. If the pressure continues, a more serious outflow could begin. For now, we keep this in mind.