USDT will be removed from the list of exchanges in the European Union - Should you be worried?

Recently, I ignored the news about Tether (USDT) being removed from some European exchanges, as it is not really a big deal, but many people have asked me if this is a serious issue. Let me clarify: it is not a problem.

Here are the reasons:

1️⃣ Most exchanges in the EU have already ceased operations due to very strict regulations on cryptocurrencies in the region. This means that the withdrawal of USDT will not have much impact, as many exchanges are already unavailable or restricted in the EU market.

2️⃣ If you hold cryptocurrencies purchased with USDT, there is no need to worry. The value you hold is related to the coins or tokens you purchased, not the method of purchase. Whether you use USDT, BTC, or fiat currency, your assets are still safely stored in your wallet or on the platform you are using.

3️⃣ Globally, USDT is still widely supported. Outside the EU, its market value is $138 billion. Most exchanges and major platforms still regard USDT as the primary stablecoin.

Do not panic.

Don't be afraid, now USDT is being used for settlements even by people around you who are not in the cryptocurrency circle. Finally, click on my profile picture to follow, so you won't get lost.