@topadvert
Every bull market has three things in common: rapid growth of various tokens, a crypto ban in China, and Tether FUD/issues.
USDT will be excluded from EU exchanges because does not comply with the new EU rules - MiCA.
• Firstly, holding USDT in the EU will not be considered illegal. You can store USDT in non-custodial wallets and use them to trade on DEX;
• The limitation is that you cannot use $USDT to trade on MiCA compatible exchanges.
🐻What about $USDT trading volume and dollar peg?
USDT is the largest stablecoin with a capitalization of $138.5 billion and a daily volume of ~$45 billion;
Currently, 80% of $USDT trade volume occurs in Asia, so delisting in the EU will not have a serious impact;
This is also noticeable in the change in the capitalization of USDT against the background of delisting, which decreased by only 1.2%, despite the fact that this news was all over crypto-twitter and more.
0 reply
0 recast
1 reaction