The post The capitalization of USDT falls by 1% under the influence of MiCA appeared on BitcoinEthereumNews.com.

During the last week, the stablecoin Tether (USDT) recorded its largest loss of capitalization since the collapse of FTX in November 2022. The trigger for this decline seems to be the delisting of the coin on Coinbase, along with the various regulatory complications of Mica in Europe. What does all this mean for the crypto markets? Let’s see everything in detail below. Tether (USDT) loses ground in the market: the MiCA regulation pushes the stablecoin down by 1% Tether (USDT), the largest stablecoin in the crypto market, has recorded a 1% loss in capitalization over the past week in the wake of the effects of MiCA. Let’s talk about a drop of 1.46 billion dollars, which comes after two other negative weeks, bringing a total drop of 2.9 billion dollars from the peak of December 21. Investors seem frightened by the advent of the new European regolamentazione “Market in Crypto Assets” (MiCa) and prefer to park their liquidità elsewhere. Some exchanges based in the European Union are choosing to remove USDT from their markets, due to compliance issues with the regulations. For example, the historic platform Coinbase recently chose to delist the asset, causing the spread of strong FUD on the stablecoin. In the last 3 weeks, it loses a total of 2.3% of its market-cap, while still remaining perfectly pegged to 1 dollar. MiCA took effect, Coinbase delisted USDt for its European users, FUD campaign on USDt being banned in Europe FUD launched… …and USDt market cap reduced by a mere 2.3% since its height on December 21st. — John Brown (@john_j_brown) January 1, 2025 The MiCa regulation, officially coming into force from December 30, 2024, requires crypto asset issuers to have a specific license to offer or publicly trade ART or EMT tokens. An ART is a currency…

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Filed under: News - @ January 2, 2025 4:25 pm