Tether's market value has experienced a dramatic drop to $137.24 billion, marking its most significant decline in two years. This downturn has been largely attributed to the implementation of new regulatory changes within the European Union.
These regulations have led to USDT being delisted from various cryptocurrency exchanges across Europe, impacting accessibility and investor confidence. The removal of Tether from these platforms has created uncertainty among investors, who are now reacting to the latest developments with concern about the stablecoin's future.
