You have only 3 days before $USDT is collapsed
New regulations will impact the whole crypto industry
You may LOSE EVERYTHING without those tips 💵
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1/ MICA policy
European cryptocurrency exchanges are preparing to delist Tether
The decision has already raised concerns about liquidity and market stability
The move comes as exchanges work to comply with the European Union’s Markets in Crypto Assets regulations
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2/ Historical view
The controversial history of $USDT starts in late 2017
They faced a lot of challenges created by the company itself
Here are all the issues created and faced by Tether
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3/ First alarm bells
Previously Tether claimed that every $USDT is backed by an actual US dollar
In 2019 New York Attorney General claimed that this point is fake
Also Tether was accused of connections with scammy Bitfinex exchange
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4/ Delisting reasoning
▸ $USDT currently does not meet MiCA’s requirements for transparency, asset backing and regulatory reporting
▸ Exchanges face pressure to delist non-compliant tokens before the December 30 deadline to avoid penalties
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5/ MiCA’s objectives:
▸ Ensuring transparency and minimising risks
▸ Regulating stablecoin issuers to maintain financial stability
▸ Promoting compliant crypto assets while reducing systemic risks
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6/ Tether’s Dominance
Tether is the most used stablecoin globally so delisting will impact Liquidity
▸ $USDT removal could disrupt trading pairs on major EU exchanges
▸ Sudden shift in liquidity may increase price fluctuations for other assets
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7/ EU market impact
$USDT delisting could create issues for the EU market:
▸ Europe could fail crypto adoption because of it
▸ The removal of a dominant stablecoin could create temporary instability
▸ Uncertainty around this may deter institutional and retail investors
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8/ Collapse chances
Despite regulations Tether is a huge company
If it collapses under current conditions, it may cause market crash
Tier-1 exchanges hold most of their reserves in $USDT as well so they should be the first who start worrying
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9/ Your security measures
To secure your money, I recommend to split your stablecoins this way:
▸ Leave 33% in fiat
▸ Leave 33% in $USDT
▸ Swap 33% to $USDC
We can't predict what happens next, however it is better to be prepared
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