TradingView data shows that due to the full implementation of the European MiCA regulations, Tether's USDT market capitalization has declined by 1.1% this week, marking the largest weekly drop since the FTX collapse in 2022, with a current total market capitalization of $137.24 billion. Several European exchanges, including Coinbase, have delisted USDT due to non-compliance with MiCA's stablecoin issuance requirements. Analysts point out that while the delisting has a direct impact on users in the Eurozone, currently 80% of USDT's trading volume comes from Asia, thus having a limited effect on its global market share and dominance. It is reported that Tether has recently invested in MiCA-compliant enterprises to enhance regulatory adaptation. (CoinDesk)