Tether's USDt stablecoin has seen a 2.8% drop in market cap since December 2024, alongside a 64% plunge in trading volumes. Despite this, Matrixport suggests it's too early to call a bearish turn in the crypto market. They attribute the slowdown to the holiday season, expecting bullish momentum to resume soon. Meanwhile, rumors about USDT delisting in Europe due to MiCA regulations have been dismissed as FUD. Trading continues on platforms like Binance, with no official guidance from European regulators on delisting. The crypto community remains optimistic about market recovery post-holidays.