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Tether Delisting from EU Exchanges: What It Means for the Crypto Market
In a recent development, Tether (USDT) has been delisted from European Union exchanges. This move comes as no surprise to many in the crypto community, given the recent turbulence surrounding stablecoins. However, it’s essential to understand what this means for the market and investors alike.
Firstly, it’s important to note that Tether continues to maintain its $138.5 billion market cap and $44 billion in daily trading volume, with 80% of its volume originating from Asia. The value of your crypto assets depends on the coins or tokens you own, not how you bought them. So, whether you use USDT, BTC, or fiat money, your assets are safe in your wallet or on the platform you’re using.
The event is more bullish than bearish. Historically, Tether has faced similar FUD (fear, uncertainty, and doubt) in the past, and each time, the market has bounced back. In October 2024, when the U.S. government launched an investigation on Tether, following the news Bitcoin dropped by $2,000 in minutes. However, after Tether’s CEO denied the claims, Bitcoin quickly recovered, rising by 43%. Other FUD events, such as accusations from the UN and attempts to depeg USDT, also caused temporary drops in the market but were followed by strong bull runs.
Moreover, it is believed that Tether FUD has historically been a signal for buying opportunities. The analyst concludes that these events typically occur either at the market’s bottom or during a full-blown bull run. He advises crypto investors to take screenshots of current prices and revisit them in February or March 2025, predicting that most assets will be trading much higher by then.
Looking at the scenario, USDT is expected to dominate the stablecoin market while its market cap and demand rise. Although EU delisting might be a setback for some users, it’s unlikely to derail USDT’s long-term success.
USDT continues to maintain a strong presence in the global crypto market, with significant user adoption across various platforms.
Source: coinpedia.org
