https://coinmarketcap.com/currencies/tether/ https://coinmarketcap.com/currencies/tether/ / Market Cap / 1Y Shows a decline in market cap from $83B in May 2022

https://coinmarketcap.com/currencies/tether/ https://coinmarketcap.com/currencies/tether/ / Market Cap / 1Y Shows a decline in market cap from $83B in May 2022 to $66B in July 2022. That represents $17B in redemptions over a few months. That represents Tether net paying USD to USDt holders.