The stablecoin market is becoming increasingly competitive! 📉
- Tether (USDT)'s share of centralized exchanges has dropped from 82% to 74% this year.
- The EU is preparing to implement MiCA, which could limit the sale of stablecoins, including USDT, to EU investors.
- Tether will pause USDT buybacks on several blockchains to focus on more popular networks.
- Competitors like Circle's USDC are gaining traction.
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