Tether Faces $2 Billion Market Cap Decline Amid EU MiCA Regulations

According to CoinMarketCap, the market value of Tether (USDT), the biggest stablecoin in the world, fell by $2.5 billion in a single week, from $140.5 billion to $138 billion. The European Union's upcoming MiCA (Markets in Crypto-Assets) framework is putting increasing regulatory pressure on the industry at the time of this collapse. MiCA ...