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Tether Delisting from EU Exchanges: What It Means for the Crypto Market
Despite recent delisting from European Union exchanges, USDT remains a crucial player in the crypto market. Despite being one of the most widely used stablecoins globally, Tether has faced regulatory challenges before and continues to maintain its $138.5 billion market cap and $44 billion daily trading volume. An impressive 80% of this volume originates from Asia.
It is essential to note that the value of your cryptocurrency portfolio depends on the specific coins or tokens you own, not how you acquired them. Therefore, whether you use USDT, BTC, or fiat money, your assets are safe in your wallet or platform.
Historically, FUD (Fear, Uncertainty, and Doubt) events surrounding Tether have been bullish. Bitblaze highlights that the market has consistently rebounded after each of these episodes. The history shows that the Tether FUD has always been a sign of buying opportunities.
In October 2024, when an investigation into Tether was launched by the US government, Bitcoin dropped $2,000 in mere minutes. However, following Tether’s CEO denial of the allegations, the cryptocurrency market quickly recovered with a 43% increase.
Similar FUD events have also occurred, such as accusations from the UN and attempts to depeg USDT, resulting in temporary drops followed by strong bull runs.
While the delisting might be considered a setback for USDT, it is unlikely to hinder its long-term success.
Source: coinpedia.org
