The largest stablecoin in the cryptocurrency market Tether‘s USDT is issued on exchanges in the European Union (EU). This decision, which came into force today, created a wave of fear, uncertainty and doubt (FUD) in the cryptocurrency market. On the other hand, some experts believe that this development is a buying opportunity. cryptocurrency analyst Axel Bitblaze“FUD events related to Tether have occurred before, and such fluctuations generally resulted positively in the long term,” he evaluated. Although the decision has increased the problems regarding the future of stablecoins, experts invite investors to remain calm.
Why Will USDT Be Removed from EU Exchanges?
The fact that USDT will be removed from EU exchanges is a new development for the EU. MiCA due to regulations. For those who don’t know, MiCA imposes strict rules on reserves of stablecoins. Since Tether does not meet these reserve requirements, EU exchanges USDTWill have to remove ‘s from their platforms. However, this does not mean that USDT will be illegal in the EU.
Bitblaze emphasized that investors can still hold USDT in custodial wallets and buy and sell it on decentralized exchanges (DEX). Accordingly, the restriction will only be applied to USDT transactions on MiCA-compliant exchanges.
Tether, which has encountered similar problems in the past, managed to overcome these difficulties. Bitblaze stated that it believes that this situation could have positive effects for the market in the long term.
Is the Stablecoin Market in Danger?
Contrary to the controversy around USDT stablecoin marketIt seems that it is still strong. Currently, Tether’s market value is $138.5 billion and its daily transaction is $44 billion. 80 percent of this volume comes from Asian markets. Bitblaze added that the value of investors’ assets does not depend on which stablecoin is used, “USDT, Bitcoin 
$93,746.2 It doesn’t matter whether you use fiat money or not. “When you store your assets properly, they are safe,” he said. According to him, this development stablecoin It can prove the long-term resilience of the market.
Tether has been around before USAIt was shaken by the investigations in , and other FUD events, but managed to recover each time. Bitblaze said it expects the market to be past this event by February or March 2025.
Finally, the analyst does not expect this situation to shake Tether’s market dominance. He noted that the long-term effects of this event’s short-term challenge may be limited as the market value and demand for USDT continues to increase.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
