🚨 Major Update for Stablecoins in Europe! 🚨
🇪🇺 Tether ($USDT) is not becoming “illegal” in the EU on December 30, 2024. Here’s what you need to know:
Under the MiCA (Markets in Crypto-Assets) regulation, stablecoin providers like Tether must comply with new rules. However, they have a 6-18 month transition period to align with these requirements.
While some exchanges (e.g., Coinbase) are delisting #USDT early, others are waiting for further clarity.
If Tether fails to comply within the transition period, #USDT would be deemed non-compliant—not illegal. However, EU exchanges and services may preemptively delist it to avoid regulatory issues.
💡 This situation opens the door for MiCA-compliant alternatives like Ripple’s $RLUSD to capture market share as a trusted option for European users.
The big question: Can Tether meet the compliance requirements, or will regulated competitors take over?
Are you concerned about $USDT delistings across Europe? 🤔 Share your thoughts below, and stay tuned for updates!
