In the past few days, there has been talk about the EU removing USDT, causing concerns about a potential market crash, and rumors are spreading, creating panic.
However, I want to ask: What does the EU's removal of USDT really represent? Are you clear about it? If not, why assume that it will lead to a significant drop?
First, we need to clarify the first point: The EU's removal of USDT, the so-called delisting of USDT, only applies to the EU's own cryptocurrency exchanges, which are very small and country-specific exchanges.
Their removal of USDT from their EU exchanges does not affect USDT on Binance, OKEx, Coinbase, and other exchanges.
So, it only affects the small portion of users on EU exchanges who cannot use USDT as a trading pair.
Second, there are so many stablecoins globally, not just USDT, but also USDC, BUSD, DAI, and many more.
It is important to understand that stablecoins are merely tools for buying cryptocurrencies; even without USDT, there are others available, which does not affect the buying and selling of cryptocurrencies.
Third, why is this news emerging at this time?
Originally, it was not bad news, but retail investors have scared themselves into thinking it is very negative.
Why are retail investors so sensitive at this moment? Because the market recently dropped, and many got stuck in positions,
combined with the fact that after a slight rise in the first half of the year, a significant drop followed, causing fear among retail investors, and an ingrained mindset has formed.
Concerns are natural, but at the same time, we must first assess whether this news is indeed negative, and then look at the market trends.
Does this news align with the market trends? Are there signs of a major drop in the market?
What is the purpose of this news emerging at this time? Understanding the market will clarify the intentions of the major players.
The best way to filter the authenticity of news is to understand the market, because market movements do not deceive.
All's fair in war.
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