They expel him from Europe and he grows even more: the USDT case

Despite an adverse regulatory context, the company Tether recorded profits of USD 1 billion in the first quarter of the year.

Despite regulatory challenges in Europe, where MiCA regulations have led to its exclusion from important platforms like Binance and Coinbase due to concerns about transparency and compliance, Tether's USDT has shown remarkable resilience and ongoing growth globally.

While the inability to operate with USDT in certain European markets represents an obstacle, its vast liquidity and entrenched position as the leading stablecoin in the crypto space allow it to maintain strong demand in other regions. This exclusion has prompted European users to seek alternatives compliant with MiCA, but it has not significantly diminished the market capitalization of USDT worldwide.

Tether's CEO, Paolo Ardoino, had argued that Tether would not adapt to MiCA, stating: “The main issue is that the regulation poses a huge risk for stablecoin issuers, as they will have to keep 60% of the reserves in bank deposits.” In his view, it was an almost impossible requirement for the company to meet.

In fact, regulatory uncertainty in other jurisdictions could even benefit USDT, as it is an already established option compared to new stablecoins that still need to prove their solidity and compliance. Thus, while Europe redefines its crypto landscape, USDT continues its expansion, adapting and seeking new ways to maintain its leadership in the global stablecoin market.