📢 News from the world of cryptocurrencies! 📢
🔹 Tether (USDT) market share on centralized exchanges has decreased from 82% to 74% this year. This indicates growing competition and possible regulatory challenges.
🔹 Despite the decline, Tether remains the most popular stablecoin with a capitalization of over $100 billion, providing stable and convenient transactions.
🔹 The introduction of MiCA regulation in the EU may affect USDT, limiting its sale to investors in the EU. Tether CEO, Paolo Ardoino, expressed concern about the new requirements.
🔹 The stablecoin market is diversifying, with alternatives such as Circle's USDC gaining popularity.
🔹 Tether plans to suspend USDT redemption on several blockchain networks to ensure the long-term sustainability of the ecosystem.
🔹 In other news, European investment firm DWS will create the first nationally regulated cryptocurrency product in Germany, and Tron (TRX) founder Justin Sun plans to launch a fee-free stablecoin.
💬 Share your thoughts in the comments! What do you think the future holds for the stablecoin market?