USDT Market Cap Drops by $4 Billion in Two Months

cryptonews.ru2026-08-11 tarihinde yayınlandı2026-08-11 tarihinde güncellendi

Özet

Over the past two months, the market capitalization of the stablecoin USDT has decreased by approximately $4 billion, signaling a potential capital outflow from the crypto market, according to on-chain analyst Stacey Muur citing CryptoQuant data. As of August 10, 2026, the 60-day rolling change stood at -$3.64 billion, with the 30-day moving average reaching -$4.8 billion. Notably, USDT's capitalization fell by $870 million in just the last 11 days. This contraction shows a direct correlation with Bitcoin's price, suggesting a broader market cooling. Muur attributed part of the decline to investors converting stablecoins back to fiat and exiting the market post-Bitcoin's peak in 2025, while another factor could be capital rotation towards alternatives like Circle's USDC, which offers different yield opportunities. However, USDC's supply has shrunk even faster, down $2.2 billion over the same period. Muur concluded the reduction is likely a combination of capital seeking yield, a return to fiat, and decreased demand for stablecoins as speculative activity wanes.

The rolling change in the supply of the stablecoin $USDT over the past 60 days is within a $4 billion range, which may indicate capital outflow from the crypto market. This was stated by on-chain analyst Stacy Muir, citing data from CryptoQuant.

Indeed, since the end of June 2026, this indicator has been 'in the red.' As of August 10, 2026, it stands at -$3.64 billion. Meanwhile, the 30-day moving average, applicable directly to the two-month figure, has reached -$4.8 billion.

In the last 11 days alone, the market cap has decreased by $870 million. Also note that this indicator is in direct correlation with the price of Bitcoin, which may point to a general cooling of the market.

"Part of this looks like a direct outflow of funds. Some investors are exchanging stablecoins for fiat currencies and completely leaving the cryptocurrency market after the price of Bitcoin fell from its 2025 peak," noted Muir.

Another possible reason for the decrease in $USDT supply is capital rotation. For example, Circle offers more opportunities in terms of yield.

However, as Muir herself acknowledged, the market capitalization of $USDC is shrinking even faster.

Taking the same 60-day period, the supply of Circle's stablecoin has decreased by $2.2 billion. This is less compared to $USDT, but more if we consider the total market capitalization of both these assets.

"I think it's just a combination of factors. Part of the capital is seeking yield, part is returning to fiat currencies, and the demand for stablecoins is decreasing as speculative activity cools down," she summarized.

Previously, CryptoQuant experts allowed for the possibility of Bitcoin falling to $51,000.

Trend Kriptolar

ctr
CitreaCTR
wstusdt
wrapped stUSDTWSTUSDT
apr
aPrioriAPR
ctx
Cryptex FinanceCTX
audio
AudiusAUDIO
comp
CompoundCOMP
mantra
MantraMANTRA
waxl
AxelarWAXL
bill
Billions NetworkBILL
pyth
PYTH (Pyth)PYTH
rune
THORChainRUNE
brev
BrevisBREV
zrx
ZRX（0X）ZRX
cake
PancakeSwapCAKE
dos
DAPPOSDOS

İlgili Sorular

QAccording to the article, what is the approximate total reduction in the market capitalization of USDT over the past 60 days?

AThe article states that the market capitalization of USDT has reduced by approximately $4 billion over the past 60 days.

QWhat does on-chain analyst Stacy Muur suggest is one of the main reasons for this reduction in USDT supply?

AStacy Muur suggests that one main reason is a direct outflow of funds, where investors are exchanging stablecoins for fiat currency and leaving the crypto market following Bitcoin's price drop from its 2025 peak.

QHow did the market capitalization of USDC change over the same 60-day period compared to USDT?

AOver the same 60-day period, the supply of USDC (Circle's stablecoin) contracted by $2.2 billion, which is less than USDT's reduction in absolute terms.

QWhat correlation does the article mention between USDT's market capitalization and Bitcoin's price?

AThe article mentions that the indicator (change in USDT supply) is in direct correlation with the price of Bitcoin, which could point to a general cooling of the market.

QBesides an outflow to fiat, what is another possible reason for the shrinking stablecoin supply mentioned in the article?

AAnother possible reason mentioned is capital rotation, where capital is moving towards other opportunities, such as those offering higher yield like Circle's products.

İlgili Okumalar

Why Has NeoCloud Experienced the Largest Rally in This Round of U.S. Tech Stock Rebound?

This round of tech stock rebound saw NeoCloud companies like CoreWeave and Nebius among the biggest gainers. The market is essentially pricing in highly leveraged AI infrastructure assets with locked-in, fast-deployable compute capacity. The key driver is a shift in AI bottlenecks from just GPUs to the entire ready-to-run capability—GPU clusters, power, data centers, networking—delivered within months. NeoCloud operators fit this gap perfectly. Their value lies in scarce, contractible assets: existing power capacity and data center space that can be locked in via long-term customer agreements. Recent earnings from CoreWeave and Nebius showcased a viable business model, shifting the narrative from "capital-intensive GPU lessors" to "order-backed AI infrastructure operators." Large backlogs and recurring revenue provide visibility, ease financing for expansion, and create a growth flywheel. The outperformance relative to storage or hyperscaler cloud stocks stems from greater leverage and exposure. NeoCloud's smaller revenue base offers higher earnings and valuation elasticity per new contract. Its leverage is threefold: operational (high fixed costs), financial (contracts enabling debt financing), and equity-based (amplified impact on equity value). Ultimately, the rally represents a re-rating of assets that combine GPU, power, and data center capacity into deliverable AI compute. Market focus is now on execution: converting massive backlogs into energized clusters, recognized revenue, and cash flow.

marsbit24 dk önce

Why Has NeoCloud Experienced the Largest Rally in This Round of U.S. Tech Stock Rebound?

marsbit24 dk önce

Crypto valuations could double as protocols link revenue to tokens: Bitwise CIO

Bitwise CIO Matt Hougan believes crypto valuations could double as protocols increasingly use their revenue to fund token buybacks and burns. He argues that crypto beyond Bitcoin is transitioning to a revenue-driven market, where network activity directly boosts native token value, a shift he says investors have not yet fully priced in. Hougan cites protocols like Hyperliquid, Uniswap, Aave, Pump.fun, and Lighter as examples that use fees to repurchase or remove tokens from circulation. He expects more DeFi applications and layer-1 networks to adopt similar mechanisms in the next 12-24 months. This stronger link between protocol revenue and token value could provide conventional valuation metrics, though Hougan notes token holders lack the legal rights of traditional shareholders. He attributes this shift partly to a more permissive US regulatory environment, which is easing securities-law concerns that previously deterred such features.

cointelegraph1 saat önce

Crypto valuations could double as protocols link revenue to tokens: Bitwise CIO

cointelegraph1 saat önce

Oxford and NUS Propose the Next-Generation World Model Direction: The Mental World Model is Here

Researchers from Oxford University and NUS propose Mental World Modeling (MWM), a framework that integrates mental variables like beliefs, goals, and social norms into world state representations, alongside physical variables. They argue that conventional world models, focused solely on physical dynamics, often produce predictions that are physically plausible but behaviorally incorrect in human-centric scenarios, as actions depend on both external and internal mental-social states. To validate MWM, they introduce MENTIS, a modular, training-free benchmark system that forces LLMs to perform explicit reasoning steps: parsing a scene into a coupled physical-mental state, generating agent-specific observations, simulating the joint state transition for candidate actions, and evaluating outcomes. Experiments on 8 LLM-based models show that explicit MWM reasoning significantly improves action prediction accuracy (F1 score rising from 63.3 to 87.9 on average), with the largest gains in social interaction scenarios. A key finding is that the primary remaining bottleneck is the simulation of state transitions. The work formalizes MWM and demonstrates its necessity for systems where behavior depends on variables not inferable from physical scenes alone.

marsbit1 saat önce

Oxford and NUS Propose the Next-Generation World Model Direction: The Mental World Model is Here

marsbit1 saat önce

Wall Street Morning Report: CPI Lands Mildly, U.S. Stocks Stage Deep V-Shaped Reversal, AI Cloud, Storage, and Optical Communications Collectively Surge

Wall Street Morning Report: US stocks staged a deep V-shaped recovery following a mild CPI report, with AI cloud, storage, and optical communication sectors leading the rally. Major indexes were mixed: the Dow dipped slightly, while the S&P 500 and Nasdaq gained, nearing record highs. The July CPI data met expectations, with core inflation hitting its slowest pace since March 2021, further reducing expectations for a September Fed rate hike. Market focus shifted decisively towards AI infrastructure. The Philadelphia Semiconductor Index jumped 2.49%. AI cloud providers NEBIUS and CoreWeave surged 34% and 19% respectively on strong earnings and massive order backlogs. Optical communication stocks like Lumentum and Coherent also posted significant gains. The storage sector rallied broadly, with SK Hynix and Micron among the advancers. Meanwhile, major tech giants saw divergence. Nvidia rose over 3%, while Apple, Microsoft, Amazon, and Meta closed lower. In commodities, gold and silver remained strong, while oil prices retreated as markets awaited developments in the Strait of Hormuz. The US federal budget deficit widened significantly in July, raising long-term concerns. Key upcoming events include US PPI data, Sandisk's investor day, and the SEC's 13F filings deadline, which will reveal institutional holdings.

marsbit1 saat önce

Wall Street Morning Report: CPI Lands Mildly, U.S. Stocks Stage Deep V-Shaped Reversal, AI Cloud, Storage, and Optical Communications Collectively Surge

marsbit1 saat önce

İşlemler

Spot

Popüler Makaleler

CAP Nasıl Satın Alınır

HTX.com’a hoş geldiniz! Cap (CAP) satın alma işlemlerini basit ve kullanışlı bir hâle getirdik. Adım adım açıkladığımız rehberimizi takip ederek kripto yolculuğunuza başlayın. 1. Adım: HTX Hesabınızı OluşturunHTX'te ücretsiz bir hesap açmak için e-posta adresinizi veya telefon numaranızı kullanın. Sorunsuzca kaydolun ve tüm özelliklerin kilidini açın. Hesabımı Aç2. Adım: Kripto Satın Al Bölümüne Gidin ve Ödeme Yönteminizi SeçinKredi/Banka Kartı: Visa veya Mastercard'ınızı kullanarak anında Cap (CAP) satın alın.Bakiye: Sorunsuz bir şekilde işlem yapmak için HTX hesap bakiyenizdeki fonları kullanın.Üçüncü Taraflar: Kullanımı kolaylaştırmak için Google Pay ve Apple Pay gibi popüler ödeme yöntemlerini ekledik.P2P: HTX'teki diğer kullanıcılarla doğrudan işlem yapın.Borsa Dışı (OTC): Yatırımcılar için kişiye özel hizmetler ve rekabetçi döviz kurları sunuyoruz.3. Adım: Cap (CAP) Varlıklarınızı SaklayınCap (CAP) satın aldıktan sonra HTX hesabınızda saklayın. Alternatif olarak, blok zinciri transferi yoluyla başka bir yere gönderebilir veya diğer kripto para birimlerini takas etmek için kullanabilirsiniz.4. Adım: Cap (CAP) Varlıklarınızla İşlem YapınHTX'in spot piyasasında Cap (CAP) ile kolayca işlemler yapın.Hesabınıza erişin, işlem çiftinizi seçin, işlemlerinizi gerçekleştirin ve gerçek zamanlı olarak izleyin. Hem yeni başlayanlar hem de deneyimli yatırımcılar için kullanıcı dostu bir deneyim sunuyoruz.

430 Toplam GörüntülenmeYayınlanma 2026.06.26Güncellenme 2026.06.26

CAP Nasıl Satın Alınır

Tartışmalar

HTX Topluluğuna hoş geldiniz. Burada, en son platform gelişmeleri hakkında bilgi sahibi olabilir ve profesyonel piyasa görüşlerine erişebilirsiniz. Kullanıcıların CAP (CAP) fiyatı hakkındaki görüşleri aşağıda sunulmaktadır.

活动图片