Uncertainty:

The problem is that it is not yet known exactly what kind of solution it will be.

Arduino itself simply said that the details will be revealed later.

It will still be a new technological solution designed specifically for the European market, that is, to adapt USDT to the new regulatory landscape of the region.

Tether stated that certain aspects of MiCA make the operation of licensed stablecoins in the EU more complicated, and also introduce new potential risks for both the local banking infrastructure and the stablecoins themselves.

One of the issues raised by Tether itself is the risk that the new regulation will lead to systemic risks for both banks and digital assets, making them vulnerable to problems due to, for example, mass withdrawals, as in the famous case of Silicon Valley Bank last year.

However, it is worth noting that the company praised the EU regulator for finally creating a clear and organized regulatory environment, although it stressed how the use cases for stablecoins in Europe are very different from those in emerging markets and developing countries where USDT is more popular.

10 Years of Tether and the Latest News about the Stablecoin USDT

On October 6, 2014, USDT was born.

At the time, Ethereum did not yet exist, as its blockchain was created the following year, and the USDT token was initially launched on a Bitcoin sidechain called Omni.

To date, of the more than 119 billion USDT in circulation, nearly 900 million are on the old Omni, although initially, in 2014, only less than 300,000 were issued.

In 2015, they surpassed 500,000, then surpassed 1 million in 2016.

The first boom arrived with the speculative bubble in the crypto markets in 2017, which brought the USDT market cap to over $1 billion, with x1000 in less than two years.

However, it should be remembered that the price of USDT has always remained at around $1, so only usage has increased significantly, not value.

The following year, the 2.5 billion mark was also surpassed, only to fall below 2 billion during the bear market.

The second major boom began in 2019, when 4 billion was surpassed, and continued until 2022, when 80 billion was reached.

During the bear market in 2022, the market cap of USDT dropped below $70 billion, only to grow again in 2023 and surpass the first $90 billion and then even $100 billion in 2024. It is now hovering around $120 billion.

#FTXSolanaRedemption #USRetailSalesRise #TrumpFirstBTCUse #TerraformLabsBankruptcy