Tether (USDT), the largest stablecoin by market capitalization, is facing potential delisting from European exchanges due to non-compliance with the EU's Markets in Crypto-Assets (MiCA) regulations. The compliance deadline is December 30, 2024.

This situation has raised concerns about market liquidity and stability. USDT's removal could disrupt trading activities, increase transaction costs, and lead to heightened volatility in the crypto market.

As of now, USDT maintains its peg to the U.S. dollar, trading at approximately $1. However, the impending regulatory actions in Europe may influence its price stability and market dynamics.