News

Tether Powers Market Momentum As MiCA Deadline Approaches

Tether has been a driving force in the ongoing crypto bull rally, with an average of $40 million USDT moving onto exchanges daily over the past eight weeks.

This consistent influx of stablecoin liquidity, often referred to as “dry powder,” has played a key role in fueling historic market pumps and maintaining momentum as the final stretch of 2024 unfolds.

In Europe, Tether has positioned itself as a critical tech infrastructure provider for regulated stablecoins through its Hadron platform. Hadron serves as a platform-as-a-service that enables the tokenization of a wide range of assets, including stablecoins, stocks, bonds, funds, and real estate.

Built on Tether’s decade of technological expertise, the platform integrates advanced compliance tools, including AML, KYT, and ecosystem monitoring, to ensure optimal regulatory adherence.

Related Post

Despite regulatory pressures, Tether’s USDT remains resilient on major European exchanges like Binance, Crypto.com, and Kraken. This strength persists even as Coinbase ceased USDT support for its EU customers.

With the Markets in Crypto Assets (MiCA) regulatory framework’s December 30 deadline approaching, questions linger about which platforms may follow Coinbase’s lead. For now, however, exchanges such as KuCoin and Mexc continue to support USDT, reflecting the stablecoin’s enduring demand and market relevance.

As Tether continues to adapt to regulatory challenges while driving liquidity in the crypto market, its role in shaping the industry’s future remains pivotal. The coming weeks will be crucial in determining how USDT fares amidst tightening regulations, but its current staying power highlights its significance as a cornerstone of the cryptocurrency ecosystem.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!

Image Source: aleksandrasova/123RF // Image Effects by Colorcinch

Will Izuchukwu

Will is a News/Content Writer and SEO Expert with years of active experience. He has a good history of writing credible articles and trending topics ranging from News Articles to Constructive Writings all around the Cryptocurrency and Blockchain Industry.

Share
Published by
Will Izuchukwu

Recent Posts

FTX/Alameda Continues Monthly $SOL Redemption and Distribution, Moving Millions to Major Exchanges

FTX and Alameda Research, two of the most significant players in the cryptocurrency ecosystem, have…

2 days ago

Giant Whale Accumulates $WIF Tokens, Racking Up Profits as Market Moves Favorably

A significant player in the cryptocurrency market has stirred things up by gathering a large…

2 days ago

$LAYER Continues to Thrive Despite Market Volatility, Team’s Innovation Drives Growth

In a cryptocurrency market often marked by wild swings and uncertainty, $LAYER stands as a…

2 days ago

Ethereum Sees Surge in Activity Amidst Growing Resistance and ETF Outflows

One of the top cryptocurrencies in the market, Ethereum ($ETH), has seen a huge rise…

2 days ago

Bitcoin’s Market Dominance Faces Challenges as On-Chain Activity Shifts Towards Ethereum

Bitcoin (BTC) has long held a dominant position in the cryptocurrency market for years. However,…

2 days ago

Smart Money Wallets Show Growing Interest in AI, DeFi, and Meme Tokens: A Look at Recent Accumulations

In the cryptocurrency world that is changing rapidly, the term "smart money" is often linked…

2 days ago