Tether’s $181B paradox: How USDT keeps growing as its market share collapses under MiCA
Tether’s USDT fell from 70% market dominance in November 2024 to 59.9% by October 2025, the second sub-60% studying in a single 12 months, whereas Circle’s USDC climbed from 20.5% to 25.3% over the identical span. The shift coincides with Europe’s Markets in Crypto-Assets (MiCA) regulation enforcement, however the dynamics inform a extra complicated story…
