The introduction of MiCA in the European Union has rattled the crypto landscape, leading to a notable $2 billion decrease in Tether's USDT market cap. This has sparked discussions and concerns regarding the future stability and role of Tether in the evolving regulatory landscape within the EU. The market is now closely monitoring the repercussions of this regulation on the broader crypto ecosystem, as well as the specific impacts on stablecoins like USDT, amidst ongoing debates about regulatory compliance and market trust.
