On December 30, 2024, Tether (USDT) is scheduled to be delisted from cryptocurrency exchanges across the European Union due to non-compliance with the EU's Markets in Crypto-Assets (MiCA) regulations.
MiCA requires stablecoin issuers to obtain specific licenses and adhere to stringent regulatory standards to operate within the EU. Unlike competitors such as USD Coin (USDC), which has secured the necessary e-money license in Paris, Tether has not fulfilled these requirements. This non-compliance has led to the impending ban and subsequent delisting of USDT from EU exchanges.The delisting of USDT is expected to impact market liquidity and may introduce short-term volatility within the European crypto markets. Traders and investors in the EU are advised to transition to compliant stablecoins like USDC or explore euro-backed stablecoin alternatives to ensure uninterrupted trading activities.
For individuals outside the EU, USDT remains unaffected by these regulations and will continue to be available for trading on non-EU platforms. However, it's prudent to stay informed about regulatory developments, as they can influence global cryptocurrency markets.
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