Tether ($USDT) the biggest stablecoin by market cap has managed to retain its elite status in the cryptocurrency realm for the longest time. It aids traders and investors with a US dollar pegged pair so that transactions can occur without hassle, across an array of blockchain networks. But, Tether seems to now be under increasing pressure from the regulators in the European Union (EU), as reports suggest that it will be banned from operating on EU-based exchanges come December 30. This has caused quite the chang in the crypto sequel and has become a hot topic for what it means for the overall market.
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