📌USDT's market capitalization sharply decreases after the MiCA regulation comes into effect in the EU

➕In the past week, the market capitalization of the world's largest stablecoin USDT has dropped by more than 3 billion USD from a record high of 140.72 billion USD to 137.24 billion USD, marking the largest decline since the FTX collapse in November 2022.

➕The delisting of USDT in the EU due to requirements from the MiCA regulation, which led to a significant reduction in market capitalization, has raised concerns about the potential emergence of the next "black swan" in the crypto market. However, if assessed comprehensively, the impact of MiCA on USDT seems to be limited to the EU region and does not significantly affect the global position of this stablecoin.