Tether Market Value Drops Amid MiCA Regulations: What’s Next for USDT?
Tether (USDT), a dominant stablecoin in the crypto market, has seen its market value decline to a two-year low, impacted by the EU's new Markets in Crypto-Assets (MiCA) regulations. The MiCA regulations, which came into full effect on December 30, 2024, have caused several major exchanges to delist USDT, leading to concerns about future market volatility. While the effect on the broader market remains uncertain, experts argue that the true impact may be limited to the EU, with USDT maintaining its dominance in other global regions.
2025-01-05Read