Tether Faces MiCA Challenges as USDT Market Cap Dips $1.4 Billion

Tether Faces MiCA Challenges as USDT Market Cap Dips $1.4 Billion

A notable decrease occurred in USDT, Tether's USD-pegged stablecoin, which was the steepest since FTX's crash in 2022. Tether's market capitalization dropped by $1.4 billion when the EU's extensive Markets in Crypto-Assets (MiCA) regulation went into effect on December 30. This brought the company's December high of $140 billion down to $137 billion. Speculation on Tether's future in the EU has been stoked by the market activity. Concerns hav...

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