Is USDT Really Getting Delisted? Here’s the Truth
Tether (USDT), the world’s largest stablecoin, faces delisting from European Union (EU) exchanges by December 30, 2024, due to the EU’s new Markets in Crypto-Assets (MiCA) regulations. These rules demand heightened transparency and compliance, and USDT’s limited disclosures prevent it from meeting the required standards.
The delisting will reduce liquidity on trading pairs like $BTC
BTC/USDT and $ETH
ETH/USDT within the EU, leading to wider spreads and higher slippage. Traders may switch to other compliant stablecoins such as USDC. While USDT will remain dominant in other regions, this move highlights the growing influence of crypto regulations globally.