MiCA Slows Down USDT in Europe, but Global Demand Remains Strong

European pressure on stablecoins is changing access to digital assets. Since the end of the European transition period, several platforms have removed USDT from their offerings. However, available data do not show a net decline in global demand. Activity is growing in some emerging markets, where people use stablecoins for payments, transfers, and financial services. This development places MiCA at a central challenge: regulating European access without altering global usages of the digital dollar.

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