Tether's USDT market capitalization has dropped by almost 1.1% this week. This decline comes as several exchanges have removed USDT to comply with the Markets in Crypto-Assets Regulation (MiCA) in Europe. MiCA, a significant regulatory framework, aims to oversee cryptocurrencies within the EU, focusing on enhancing investor protection but also posing challenges for stablecoin issuers like Tether. The removal of USDT from some exchanges raises concerns about its future in the European market, and it remains unclear how Tether will adapt to these regulatory challenges while maintaining its dominance in the stablecoin sector.

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