Tether FUD has been going crazy for weeks now, including Federal government investigations, Tether ban, and much more. However, new claims call it ‘False FUD,’ which is affecting stablecoin for nothing. The Tether market cap dropped around $2B over the week, but a few people are concerned that things could worsen with Europe’s MiCA regulations. Let’s discuss what the fuss is all about.
Europe Ban News Drops The Tether Market Cap By $2B
Tether (USDT) is the biggest stablecoin and ranks third among the top cryptos after Bitcoin and Ethereum. This position is thanks to the Tether market cap of $138.71B, which has dropped around $2B over the week. This came after the USDT’s price dropped to a two-year low at $0.997.
Eventually, the news of Europe’s Tether ban led to the delisting possibility of the stablecoin from all of Europe’s centralized exchanges, as USDT failed to comply with the new MiCA regulations. According to that, stablecoins require an e-money license to trade o
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