Been watching USDT's market cap and it's actually shrinking again. We're looking at back-to-back monthly drops now, which is kind of interesting considering how stable this thing usually is. The latest numbers show it sitting around 185 billion in marketcap as of mid-April, and the trend doesn't seem to be reversing anytime soon. Not sure if it's just people rotating into other stablecoins or what, but it's definitely worth paying attention to. The market cap decline is pretty notable when you think about how dominant Tether has been. Curious to see if this continues or if it bounces back next month.

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