Cryptocurrency analysts name the most popular digital asset for trading

Note: not financial advice!

Despite the regulatory pressure in Europe, Tethermaintains a dominant position among stablecoins and remains the most popular digital asset for trading. The new MiCA rules, which came into effect in June 2024, have significantly changed the European market, but the overall impact on global USDT liquidity has been negligible.

In the United States, the Senate is considering the Genius Act, which could equate the regulation of stablecoins with the standards of traditional financial institutions. This will open the way for institutional investors, but at the same time, it may change the distribution of the market.

In South Korea, the demand for stablecoins is growing: uSDT was traded at a premium 80% of the time in 2025, indicating strong demand. The share of stablecoins in trading on local exchanges Bithumb and Upbit reached 17%, which is a historical high for the region.

Despite the positive signals, the total share of stablecoins in the crypto market has decreased from 84% in November to 77% in early March. This is due to the decline in the share of USDT, which is gradually being replaced by regulated alternatives such as USDC, PYUSD, and EURC.

Regional analysis shows different trends. In South Korea, USD is in high demand due to political instability. In Brazil, a bill being discussed to ban self-storage of stablecoins has led to a mass exit from the market. In Turkey, demand for USDT remains stable due to high inflation.

Despite bans and stricter regulations in the EU, Tether continues to play a key role in the global crypto economy, although it is gradually facing competition from regulated alternatives.