Over the past two weeks, the USDT Market Cap has fallen from a record $141 billion on December 19 to about $137.1 billion, down 2.7%. This is the largest fall since the 5.7% big dump in USDT Market Cap after the FTX exchange crash in November 2022.

The EU's Markets in Crypto-Assets Regulation (MiCA) came into full effect on Monday (12/30), but the leading stablecoin issuer Tether Market Cap is facing a shrinkage, marking its biggest fall since the FTX bankruptcy.
Tether announced at the end of November that it would no longer support and cease the issuance of the stablecoin EURt pegged to the euro. It also invested in the euro stablecoin EURQ launched by the Dutch blockchain company Quantoz Payments. Subsequently, it invested in the European stablecoin issuer StablR and utilized the Tether platform Hadron to expand support for its compliant stablecoins EURR and USDR.
It seems that Tether is not willing to sacrifice its own profits to enter the European market, but chooses to indirectly participate through investment. #USDT Tether