🚨 MiCA Deadline Looms: What’s Next for USDT? 🚨

Tether (USDT) is at a crossroads as the European Union’s MiCA compliance deadline approaches on December 30, 2024. Here's what Tether and its users can do to navigate this challenge:

Solutions for Tether (USDT):

Immediate Compliance:

Secure MiCA authorization in at least one EU member state.

Strengthen transparency by undergoing audits with top-tier accounting firms.

Enhanced Communication:

Reassure stakeholders with updates on compliance efforts.

Emphasize USDT’s role in market stability.

Collaboration:

Partner with European regulators and exchanges to find a transitional solution.

Advice for Users:

Diversify Stablecoin Holdings: Consider compliant options like USDC.

Monitor Exchange Notices: Keep an eye on withdrawal deadlines and conversion options.

Stay Informed: Follow updates from Tether and the MiCA Alliance.

Impacted Countries and Wallets

The potential ban will primarily affect EU member states under MiCA regulations. This includes prominent crypto markets like Germany, France, Italy, Spain, and the Netherlands.

Wallets and platforms likely impacted:

Exchanges: Binance, Coinbase, Bitstamp, and other EU-based platforms.

Wallets: Hot wallets and custodial services operating within the EU.

OTC Desks: Services for large-scale trades within EU jurisdictions.

The outcome will shape Europe’s crypto future—regulation or innovation?

#CryptoNews #USDT #MiCA #Stablecoins

1ST TP 🧌

#ont $ONT
$ONT
ONT/USDT Technical Analysis

ENTRY: 0.2294 (Support)
Target Levels:
1. 0.2500
2. 0.2650
3. 0.2800

Key Levels:
Support: 0.2294
Resistance: 0.2471

Moving Averages:
MA(7): 0.2374
MA(25): 0.2400
MA(99): 0.2501