The survival legend of USDT: Can the king of stablecoins withstand the storm?

Title: USDT’s Survival Saga: Can the King of Stablecoins Weather the Storm?

Original authors: Chi Anh, Ryan Yoon, Yoon Lee

Source of the original text:

Compiled by Tom, MarsBit

Summary

Regulatory challenge: USDT remains the largest stablecoin by trading volume, but increasingly upgrading regulatory pressure (including being removed in the EU due to the Markets in Crypto-Assets Regulation (MiCA)) threatens its market dominance.

Transparency and competition: Transparency issues and competition from compliant counterparts (such as USDC and DAI) may undermine the trust and market share of USDT, unless comprehensive audits and compliance reforms are prioritized.

Global Growth Potential: Emerging markets and global adoption provide growth opportunities for USDT, but its sustainability depends on how it responds to regulatory environments and rebuilds confidence through innovation and transparency.

1. The Rise and Challenge of USDT

Source: rwa.xyz

Despite facing various challenges, USDT still plays a crucial role in the cryptocurrency market. Its daily trading volume has surpassed Bitcoin, Solana, and US.