This information shows that Tether is implementing a long-term strategy to strengthen its position in the cryptocurrency market, despite challenges from new regulations. Some highlights:
1. Strengthening Bitcoin reserves:
• Tether's transfer of 7,629 BTC (approximately 700 million USD) into its strategic reserve fund shows that the company continues to commit to diversifying its assets, with a focus on Bitcoin.
• The total amount of Bitcoin held by Tether currently exceeds 82,000 BTC, equivalent to about 7.6 billion USD, highlighting the trust in Bitcoin as a long-term store of value.
2. Decrease in USDT market capitalization:
• The market capitalization of USDT decreased by nearly 3 billion USD in December 2024, from 140.5 billion USD to 137.6 billion USD, amid the EU's implementation of MiCA regulations.
• MiCA forces stablecoin issuers to comply with stringent requirements, putting pressure on Tether's operations in Europe.
3. Tether's response strategy:
• Tether has prepared to reduce its dependence on the EU market, focusing on other regions, especially Asia, which accounts for up to 80% of USDT trading volume.
• The company is also investing in MiCA-compliant stablecoins to meet legal requirements in the EU.
4. Potential impact:
• Even if the EU delists USDT, the impact may not be as severe as feared, thanks to the popularity of USDT in other markets and the ability to trade on decentralized exchanges (DEX).
• The trading volume of USDT still far exceeds that of other stablecoins, affirming its leading role in the market.
Tether is facing a challenging period but also demonstrates adaptability and a strong investment strategy to maintain its position in the global cryptocurrency ecosystem.