According to Santiment, about $1 billion USDT left exchanges and were moved into self-custody multiple times in the last ten days. This was an uncommon occurrence because the act had only happened eight times over the last 365 days before now.

During the time Circle revealed its exposure, Tether’s CEO Paolo Ardoino, had assured the community that it had no links with Silicon Valley Bank (SVB). Regardless, USDC has found its way back to $1, although the price at press time was slightly below the expected value.

Meanwhile, USDT’s non-zero addresses decreased around 18 February. But, according to Glassnode, the number of unique addresses holding a positive amount of the stablecoin had increased to 4.15 million. This confirmed the restoration of the USDT’s superiority as USDC’s position in this aspect only had 1.59 million unique addresses.