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.

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.

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