📢 **Crypto News Flash: Tether's Market Share Decline & EU Regulations**
- Tether’s USDT stablecoin market share on centralized exchanges (CEXs) has dropped from 82% to 74% this year.
- Despite this, USDT remains the most widely used stablecoin with a market cap over $100 billion.
- The decline is linked to growing competition and upcoming EU MiCA regulations, which may restrict stablecoin sales to EU investors.
- Tether’s CEO has expressed concerns about MiCA, indicating no plans to comply in the medium term.
- Alternatives like Circle’s USDC are gaining traction.
- Tether will suspend USDT redemptions on several networks to streamline operations.
💬 What do you think about Tether's future? Share your thoughts in the comments!