Tether's USDT Market Cap Takes a Hit

USDT's market cap dipped by nearly 1.1% this week. This comes as some exchanges have delisted USDT to comply with the Markets in Crypto-Assets Regulation (MiCA) in Europe.

MiCA, a landmark piece of legislation, aims to regulate cryptocurrencies within the EU. While intended to increase investor protection, it has also created challenges for stablecoin issuers like Tether.

The delisting of USDT from certain exchanges raises questions about its future in the European market. It remains to be seen how Tether will navigate these regulatory hurdles and maintain its dominant position in the stablecoin market.

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