BullishBanter
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It's surprising to see how many influencers on CT, TG, and YT are spreading fear-mongering FUD about $USDT. The #MICA regulations aren't new, they were approved months ago and will only take effect from December 31. Users and exchanges in the EU have been preparing for this for months. Many EU users have already swapped USDT for other stablecoins or bought + $BTC and other cryptocurrencies.
This is just a short-term issue. Interestingly, USDT FUD usually marks the bottom in bear markets, but now we're seeing similar fear in a bull market. USDT isn't going anywhere, at least for now. They're actively working to address this, and we'll likely see USDT return to the EU in a few months.
These influencers are acting as though USDT is going to zero, but at most, we can expect some short-term volatility. If a dip happens, it could be a great buying opportunity. Even if USDT dips, I'd buy, it's easy money! Similar FUD happened with USDC months ago, and we all know how that turned out
This is just a short-term issue. Interestingly, USDT FUD usually marks the bottom in bear markets, but now we're seeing similar fear in a bull market. USDT isn't going anywhere, at least for now. They're actively working to address this, and we'll likely see USDT return to the EU in a few months.
These influencers are acting as though USDT is going to zero, but at most, we can expect some short-term volatility. If a dip happens, it could be a great buying opportunity. Even if USDT dips, I'd buy, it's easy money! Similar FUD happened with USDC months ago, and we all know how that turned out
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