Tether Holding’s USDT market cap has declined for the first time in almost a year. This comes as reports claim the stablecoin consistently depegged versus the USD throughout August.

In the first week of August, USDT had a 98% depeg severity, meaning it traded at a discount on almost every exchange.

By the end of August, its market cap had contracted by 1.2% to $82.9 billion, according to CCData, an analytic