Tether's market cap has seen a significant drop of around $2 billion over the past week amidst a wave of "False FUD" rumors. These rumors include Federal government investigations and potential bans on Tether, creating panic in the market.
Despite the significant market cap decline, some people remain skeptical, labeling these fears as unwarranted and questioning the actual impact of such regulatory concerns. In particular, Europe's upcoming MiCA regulations may further influence perceptions and market reactions toward Tether.
This situation highlights how speculative rumors can lead to substantial financial market movements, affecting the stablecoin sector.
