đ” MiCA rules Trigger sharp drop in Tetherâs market cap
đ In the last week of December, USDTâs 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, Tetherâs operations remain isolated from regional disruptions and will be compensated by the company from its revenues.
Itâs 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