Tether USDT market capitalization drops by $1.4 billion as MICA activates

Tether’s U.S. dollar stablecoin experienced its sharpest decline since the FTX collapse during the sluggish crypto market of 2022. On-chain data revealed that Tether’s USDT lost approximately 1.2% of its market capitalization this week as the European Union’s digital asset regulations fully took effect on December 30.

Tether USDT market capitalization drops by $1.4 billion as MICA activates

Tether’s U.S. dollar stablecoin experienced its sharpest decline since the FTX collapse during the sluggish crypto market of 2022. On-chain data revealed that Tether’s USDT lost approximately 1.2% of its market capitalization this week as the European Union’s digital asset regulations fully took effect on December 30.

https://nairametrics.com/2025/01/03/tether-usdt-market-capitalization-drops-by-1-4-billion-as-mica-activates/