Coingecko data shows that the market capitalization of Tether's stablecoin USDT has dropped to the range of 137.5 billion USD, currently reaching 137,571,247,750 USD, which is a reduction of over 2.8 billion USD compared to last week's peak of over 140 billion USD (on December 24, the market capitalization of USDT reached 140,413,691,585 USD). In addition, the trading volume of USDT in the past 24 hours reached 80,397,780,820 USD.

Previously, Tether CEO Paolo Ardoino urged the community not to believe in FUD, stating that USDT is safe.