This week, the cryptocurrency market has stirred up a small storm, with the market value of USDT dropping by nearly 1.1%, falling to 137.24 billion USD. This is the largest decline since the FTX collapse in 2022. 💸

Behind this change is the decision by several exchanges in the EU and Coinbase to delist USDT, citing that it does not comply with the upcoming EU regulation on crypto asset markets (MiCA). USDT has long been an important tool for investors to enter the crypto market, used for spot and derivatives trading. 📉

Nevertheless, concerns about the overall market decline may be somewhat exaggerated, and the impact may be limited to the eurozone. Investors can continue to pay attention to market dynamics and remain rational. 🔍