Tether Delisting USDT: Should Cryptocurrency Investors Worry?

Tether's USDT, the largest stablecoin by market capitalization, is facing major changes as it is delisted from EU exchanges starting today. This move has caused fear, instability, and FUD (Fear, Uncertainty, and Doubt) across the cryptocurrency market. Cryptocurrency analyst Axel Bitblaze believes it can indeed present a unique buying opportunity, similar to the previous FUD events surrounding Tether. In a market where volatility is the norm, this latest development raises some interesting questions about the future of stablecoins and the cryptocurrency market in general. Why is USDT being delisted from EU exchanges? The delisting of USDT is a result of the new MiCA regulations of the European Union, imposing strict rules on stablecoin reserves. Tether has not complied with these reserve requirements, forcing EU exchanges to delist USDT. However, this does not make USDT illegal in the EU. According to Bitblaze, cryptocurrency investors in the EU can still hold USDT in non-custodial wallets and trade on decentralized exchanges (DEX). This restriction only applies to USDT transactions on MiCA-compliant exchanges. Is the Stablecoin market facing any difficulties? Despite the FUD surrounding Tether, Bitblaze points out that the stablecoin market remains strong. USDT maintains a market capitalization of $138.5 billion and a daily trading volume of $44 billion, with 80% of that volume coming from Asia. Bitblaze reassures investors that the value of their assets does not depend on the type of stablecoin they use to purchase them. Whether you use USDT, Bitcoin, or fiat currency, your assets are safe as long as they are stored properly. In fact, Bitblaze believes that this situation may become more optimistic than pessimistic. Tether remains resilient Bitblaze reminds us that Tether has faced similar FUD in the past and always recovered. For example, in October 2024, when the US government opened an investigation into Tether, the price of Bitcoin dropped $2,000 within minutes. However, after Tether's CEO denied the allegations, Bitcoin quickly recovered, rising 43%. Other FUD events, such as accusations from the United Nations and efforts to peg USDT, caused temporary price declines but were followed by strong price increases. Tether FUD: Should I Buy Signal? Bitblaze believes that FUD related to Tether in history is a sign of buying opportunity. These events tend to occur when the market is at its lowest or during a price increase. He suggests that cryptocurrency investors take screenshots of current prices and review them in February or March 2025. He predicts that most assets will be much more valuable at that time. Despite the delisting by the EU, USDT is still expected to remain a dominant force in the stablecoin market. As market capitalization and demand continue to increase, this short-term decline is unlikely to change the long-term prospects of USDT. When the market reacts and adjusts, the long-term journey of Tether still needs to be closely monitored. DYOR! #Write2Win #Write&Earn