$USDC HAS BEEN APPROVED UNDER THE NEW MICA REGULATIONS OF EUROPE 🚨

Europe has not officially "banned" USDT but requires exchanges to comply with the regulations of the Markets in Crypto-Assets (MiCA) regulation by December 30, 2024. USDT does not fully meet these requirements, leading exchanges to delist USDT. The main reasons include:

1️⃣ Transparency and reserves: MiCA requires stablecoins to be transparent about their reserves and have appropriate licensing. Tether has struggled to demonstrate its full and transparent reserves.

2️⃣ Legal compliance: USDT has not obtained the necessary licenses to operate in the EU under MiCA, while USDC, issued by Circle and supported by Coinbase, appears to be better prepared for compliance.

3️⃣ Support for $USDC: USDC is favored because it has either met or is closer to meeting the requirements of MiCA, providing a more stable and transparent alternative for investors.

Therefore, the "support" for USDC primarily stems from its better compliance with existing regulations compared to USDT, not because of an official choice from the EU.

⚡️It can be seen that earn usdc is offering much better apr than usdt, even Binance is showing more support for usdc, right everyone?

#usdc #USDC✅ #MiCA #Stablecoins