USDT (Tether) is one of the most popular stablecoins pegged to the US dollar. However, the regulation of this asset may vary depending on the jurisdiction:
1. USA:
Authorities (e.g., SEC) have intensified control over stablecoins, including USDT. Claims were made regarding insufficient transparency of Tether's reserves.
Since 2021, the company has been publishing reports on reserves, confirming the token's peg to the dollar and other assets.
2. EU:
Under MiCA (Markets in Crypto-Assets Regulation), stablecoins such as USDT are required to provide full information about reserves and comply with strict user protection standards.
3. Other countries:
Some countries (e.g., China) prohibit the use of stablecoins for transactions within the country.
In emerging markets (e.g., Ukraine), USDT is actively used for transferring funds and protecting against inflation, but there may not be direct regulation.
Chart assessment
Analyzing the USDT/UAH fund flow chart:
The sales volume significantly exceeds the purchase volume. Total deficit: -92,536.00 USDT.
The main volume comes from medium and small orders, which may indicate actions by retail traders.
Large orders are only for sale (27,308 USDT), which may signal caution among major players.
The current situation is likely related to the withdrawal of funds or profit-taking at local highs.
USDT/UAH: Current trends and risks
The analysis of fund flows shows that the sales volume significantly exceeds the purchase volume (-92,536 USDT). The main activity comes from medium and small orders. This may signal profit-taking by retail players, especially against the backdrop of market volatility.
The stability of USDT continues to be a topic of discussion among regulators worldwide. In the CIS countries, Tether remains popular, but it is important to consider possible changes in regulation to protect capital, especially in the context of global initiatives such as MiCA in the EU.
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