🚨 IMPORTANT NEWS for stablecoins in Europe! 🚨
🇪🇺 Tether $USDT will NOT become "illegal" in the EU on December 30, 2024!
Here are the details:
•According to MiCA regulations, providers like Tether must comply with requirements, but they have a transition period of 6 to 18 months.
•Some exchanges (like Coinbase) are preemptively excluding $USDT, while others are waiting for clarifications.
If Tether does not meet the requirements during the transition period, $USDT will be non-compliant — not illegal. However, EU exchanges and services may proactively exclude it to avoid regulatory penalties.
💡 This creates an opportunity for alternatives like $RLUSD from Ripple, a MiCA-compliant stablecoin, to capture market share as a reliable option for EU users.
Will Tether manage to comply, or will relevant alternatives come to the forefront? Are you concerned about the exclusions of $USDT across Europe? 🤔
Leave your comments and stay tuned for updates! 🔍✨
