https://www.coins.ph/en-ph/academy/coins-wiki-usdt
A significant shift in stablecoin markets is underway as $17.5 billion worth of USDT transitions from EU-regulated platforms to decentralized exchanges (DEXs), self-custody options, and offshore venues. This change follows the EU’s Markets in Crypto-Assets Regulation (MiCA) deadline, impacting centralized exchanges like Coinbase, Kraken, and Binance, which have delisted USDT for European users. With Tether not applying for MiCA authorization, price discovery for USDT is moving toward non-EU jurisdictions and on-chain infrastructures. This development appears to influence liquidity dynamics significantly, with DEXs now poised as primary liquidity hubs.
Key Takeaways
Market behavior suggests increased liquidity and demand for Ethereum as USDT moves to DEXs and offshore venues.
Current Ethereum market pricing indicates a low likelihood of reaching a new all-time high by September 30, 2026.
