... cryptocurrencies without converting to fiat currency. By May 2025, the significance of USDT has only strengthened, capturing the lion's share of trading volumes on cryptocurrency exchanges, while its market capitalization remains consistently at record levels.... ... potential new regulatory measures—for instance, if Tether were to be declared illegal in the US or another major region or face sanctions (similar to what has been done against some cryptocurrency mixers). While this scenario currently seems unlikely given ...