Tether's USDT stablecoin has experienced a sharp decline in market value, leading to concerns about market volatility. The decline in USDT's market cap is the largest in two years and follows the delisting of USDT on several European exchanges due to compliance issues with the EU's MiCA regulations. The regulations require issuers to have a license for offering or trading asset-referenced tokens within the EU. However, the impact of the delistings on USDT's dominance may be limited as the majority of USDT trading volume comes from Asia, according to crypto analysts. Tether has invested in MiCA-compliant firms to ensure regulatory alignment.



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