💵 MiCA Rules Hit Tether's Capitalization

📉 Tether's market cap dropped 1.2% last week, falling from $138.8 billion to $137 billion, marking the second major dip since the FTX collapse when it dropped 5.7%.

MiCA rules now require 60% of reserves to be held in European banks—a move Tether has deemed unacceptable for a U.S.-based company.

✅ Despite this, Tether remains operationally resilient, with any regional disruptions set to be compensated through its revenues.

What do you think about MiCA's impact on stablecoins?