Tether Faces $2 Billion Market Cap Decline Amid EU MiCA Regulations

Tether Faces $2 Billion Market Cap Decline Amid EU MiCA Regulations

According to CoinMarketCap, the market value of Tether (USDT), the biggest stablecoin in the world, fell by $2.5 billion in a single week, from $140.5 billion to $138 billion. The European Union's upcoming MiCA (Markets in Crypto-Assets) framework is putting increasing regulatory pressure on the industry at the time of this collapse. MiCA Regulations and Tether's Repercussions Stablecoin issuers are required by the EU's MiCA legis...

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