@darcyjillian

What's happening on the market?! 📊 The past few days have been marked by another wave of FUD around Tether (USDt) – some foreign influencers have started spreading scary stories about the potential decoupling of USDt from the dollar today. Allegedly, from December 30th, USDt will be illegal in Europe, and there's still no clear understanding of regulations or recommendations for exchanges. BUT it's getting harder to scare people with these kinds of rumors, and there are a few objective reasons for that: 💡 The CEO of Tether has stated that exchanges in the EU will not necessarily delist USDT, as they have a transition period of 6–18 months. During this time, Tether will continue working on its legalization in the EU. 💡 The EU occasionally makes some questionable decisions in the crypto space. 💡 Even in the worst-case scenario: USDt is primarily used in the Global South, Asia, and the Middle East, and the European market share of major CEX exchanges is minimal.

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