馃挼 MiCA rules Trigger sharp drop in Tether鈥檚 market cap
馃搲 In the last week of December, USDT鈥檚 market capitalization fell by 1.2%, from $138.8 billion to $137 billion. This marks the second such event since the FTX collapse when USDT's market cap dropped by 5.7%.
However, Tether鈥檚 operations remain isolated from regional disruptions and will be compensated by the company from its revenues.
It鈥檚 worth noting that MiCA regulations required Tether to place 60% of its reserves in European banks, which was unacceptable for the U.S.-based company.#MiCA #Binance250Million #USStateBuysBTC #BTCMiningPeak #BTCRebounds95K