The new European Union regulations on crypto assets MiCA stipulate that cryptocurrency exchanges in the EU must delist stablecoins that have not received regulatory approval by December 30, 2024. Among such cryptocurrencies may be #USDT from Tether - the company has not received local authorization.
MiCA requires that all stablecoins listed on cryptocurrency exchanges be issued by issuers that have obtained a special license. Circle, Tether's closest competitor, received such approval in July.
The total market capitalization of stablecoins is around $200 billion as of December 20. Of this, $140 billion accounts for #USDT and $42 billion for #USDC from Circle.