European blackmail of a new old US president.. This is my interpretation and God knows best.. It is in fact full of problems but it dominated the scene

Impact of Tether (USDT) Ban in Europe on Cryptocurrency Market

The ban on Tether (USDT) in Europe will have major impacts on the cryptocurrency market, including:

1. Low liquidity: Since USDT is the most widely used stablecoin in trading, its ban in Europe could reduce liquidity on exchanges, making it more difficult to convert between cryptocurrencies and fiat currencies.