# Tether (USDT) Market Cap Shrinks Faster Than After FTX Collapse

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/54149
Published: 2026-11-11T15:28:13.000Z
Updated: 2026-11-11T15:28:13.000Z
Section: Investing

> The 60-day decline was more than twice the comparable December 2022 drop, reversing stablecoin growth that had supported the current market cycle.

Tether's (USDT) market capitalization fell $6.6 billion over 60 days through Nov. 10, a faster contraction than after the 2022 FTX collapse.

The latest 60-day decline was more than twice the drop during the comparable period in December 2022. In early August, the 60-day reduction was about $4 billion, alongside an $870 million decline over 11 days. By Nov. 10, the 60-day loss had widened to $6.6 billion, a larger drawdown than in that earlier period.

Stablecoin expansion had been an important source of incremental funds during the current crypto-market cycle. The shift into contraction reverses that support and points to less stablecoin liquidity in the market. The comparison places the current pullback against the aftermath of FTX's 2022 collapse, while the December 2022 figure gives a benchmark for the scale of the latest decline.