What is Tether (USDT)? What backs the stablecoin and where MiCA limits it
Regulation
With 182.8 billion tokens in circulation, Tether is the largest stablecoin in the world and settles two out of every three crypto dollars traded. In the EU it lacks authorisation as an e-money token, and from January 8, 2027 authorised providers may no longer offer services around it.
USDT
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