Why is this happening?
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In the EU, USDT doesn’t meet regulatory standards, leading to its delisting. Meanwhile, Coinbase is amplifying the issue because of its partnership with Circle Foundation, the issuer of USDC.
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By promoting USDC, Coinbase benefits directly from users shifting their funds.
Why is this a big deal?
As the third-largest exchange globally, Coinbase’s influence is drawing significant attention to the matter. However, it’s essential to note that this is primarily an EU issue.
What about Asia?
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For Asia, nothing changes. Exchanges like Binance, OKX, and Bybit will continue to support USDT unless future regulations dictate otherwise.
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What happens to coins bought in USDT pairs?
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No need to worry! Coins like BTC, SOL, or others purchased in USDT pairs won’t face any issues. Trading and withdrawals will remain unaffected.
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In summary, this delisting is regional, with no impact on Asian markets or your existing holdings. Stay calm and trade smart!