๐จ ๐๐๐ฟ๐ ๐ฟ๐๐ก๐๐จ๐ฉ๐๐ฃ๐ ๐๐ฃ ๐ฉ๐๐ ๐๐: ๐๐๐๐ฉ ๐๐ค๐ช ๐๐๐๐ ๐ฉ๐ค ๐๐ฃ๐ค๐ฌ ๐
From Dec 30, 2024, new #Eu rules (MiCA) will require stablecoins like USDT to:
โข Be fully transparent about reserves.
โข Use European banks as custodians.
โข Pass regular audits.
Since #USDT doesnโt meet these rules, many exchanges in the EU will stop offering USDT.
What You Need to Know:
โข #coinbase has already delisted USDT due to compliance rules.
โข #Binance and #Cryptocom may follow soon.
โข This only affects the EU: USDT remains unaffected outside the EU, and futures trading is not impacted.
โข Exchanges will notify users of any changes to USDT pairs.
What You Can Do:
1๏ธโฃ Move to other stablecoins like $USDC or $BUSD.
2๏ธโฃ Use platforms like Curve or Uniswap for swaps.
3๏ธโฃ Stay updated on changes from exchanges.
Stay prepared and protect your funds! ๐