Tether USDT’s market cap lost 1.2% yesterday following the full implementation of MiCA in Europe. This resulted in some exchanges removing the stablecoin from their platforms. The introduction of MiCA has created significant regulatory pressure on the cryptocurrency market, which has negatively impacted investor confidence. These regulatory changes in Europe create uncertainty about the future volatility of cryptocurrencies. It should be closely monitored how the market will react to these developments and how other stablecoins will be affected.