Tether's USDT has seen a 2.8% market cap drop since its peak in December 2024, attributed to a seasonal trading slowdown rather than a bearish market shift, according to Matrixport. Despite fears of delisting due to the EU's MiCA regulation, community members have dismissed these reports as FUD, emphasizing ongoing support for USDT on major exchanges. As the market recovers from the holiday lull, analysts anticipate a resumption of bullish momentum.