The MiCA regulations have stirred concern within the EU crypto environment, particularly concerning Tether. While USDT’s market cap dropped by $2 billion, news of its demise seems overblown.
Tether's CEO and other analysts argue that the fear is partly FUD, creating opportunities for strategic buyers. The EU has ordered exchanges to delist USDT but it remains legal to hold in the region.
Asia's market dominance means Tether's future remains secure despite regional shifts, reinforced by Tether’s continued operations and partial regulatory alignments.
This highlights a larger narrative where Tether navigates complex regulations while its CEO emphasizes misinformation tactics by competitors.
Source: beincrypto.com ↗