Just noticed Tether's been shrinking again. The market capitalization is looking pretty rough right now - heading for a second straight month of decline. It's interesting to watch how USDT moves independently of the broader market sometimes. Currently sitting around $185.48B in market cap, which is down from where it was before. I've been tracking these stablecoin flows and it seems like there's some rotation happening. Whether it's users moving to other stablecoins or just pulling liquidity out entirely, hard to say. But when you see the market capitalization of the biggest stablecoin dropping like this, it definitely signals something shifting in the market. Worth keeping an eye on where this stabilizes.