USDT is trading below $1 🪀
This mild depeg arises from confusion around upcoming EU MiCA regulations, fueling rumors that USDT may become illegal 🚫
In reality, MiCA requires stablecoins to comply with strict licensing; non-compliant tokens are not instantly banned, but providers may delist them to avoid penalties and keep operating legally.
🌀 Many platforms in the EU are cautious: Coinbase is delisting USDT early, while others wait for clarity.
After MiCA’s start date (June 30, 2024), stablecoins have a 6–18 month transition to meet requirements or face restricted access.
🕯 The minor depeg also stems from speculation and fear of liquidity loss if major platforms remove USDT.
Tether has weathered FUD before by adjusting operations and reserves. Fundamentals remain steady 👌
TLDR: No immediate ban, just a regulatory shift requiring compliance, people are worried but nothing bad happened
