USDT Delisting in the EU❓
New EU regulations, MiCA, are coming into effect on December 30, 2024. These rules require stablecoins like USDT to:
- Disclose reserve information
- Partner with European banks for custody
- Undergo regular audits
USDT doesn't comply with these rules, so many EU exchanges will likely delist it.
🔘Key Developments:
- Coinbase has removed USDT due to compliance concerns
- Binance and (link unavailable) may follow suit
- This change only affects EU users, not global users
- Futures trading remains unaffected
- Exchanges will inform users about USDT pair changes
🔘Action Plan
1. Consider alternative stablecoins like USDC or BUSD
2. Utilize platforms like Curve or Uniswap for swapping
3. Stay informed about exchange updates
Prioritize your fund's security and stay prepared!