USDT Supply Declines Amid Regulatory Changes and Market Downturn

USDT, the largest stablecoin, has experienced a supply reduction of approximately 1.7% over the past month, marking the most significant decrease since the collapse of FTX. According to NS3.AI, this decline is attributed to the European Union's implementation of the Markets in Crypto-Assets (MiCA) regulations and a broader downturn in the cryptocurrency market. The reduced supply indicates a decrease in demand and highlights the impact of regulatory uncertainty on market dynamics.