Tether withdraws USDT from European market due to non-compliance with MiCA regulations, creating a $150B gap in stablecoin liquidity.
Ripple's MiCA-compliant stablecoin RLUSD gains traction as a potential market leader, benefiting from regulatory alignment and institutional support.
USDC, another MiCA-compliant stablecoin, competes with RLUSD but faces challenges in market size and liquidity compared to Tether's USDT.
The exit of USDT from the EU market signifies a significant shift in stability, potentially increasing demand for compliant alternatives like RLUSD and Bitcoin.