It’s now harder to get that sweet USDT if you’re in the European Union.Binance announced yesterday the suspension of USDT trading for customers in the European Union. The move follows similar actions by other exchanges, including Kraken, Coinbase, and Crypto.com.

Driven by demand from DeFi and international transactions, there is growing demand for fiat-backed stablecoins like Tether and USDC. As part of their commitment to meet this growing market demand, USDC parent group Circle announced their partnership with Intercontinental Exchange (ICE) to develop stablecoin-backed financial products.

MakerDAO's recent rebranding to Sky, along with the introduction of the USDS stablecoin and SKY governance token, has elicited a range of reactions within the decentralized finance (DeFi) community. The initiative aimed to simplify DeFi and broaden the platform's appeal.