Regulators have long said that Tether is not a transparent company, hiding its real figures

I've seen some people talking about an issue with the USDT coin, below I confirm that it is true. But not worldwide, but in Europe.

Yes, it is true that USDT will no longer be available in Europe before 2025. Starting December 30, 2024, all exchanges in the European Union will have to remove USDT from their listings due to the entry into force of the MiCA Law (Regulation for the Market in Cryptoassets). This regulation requires that stablecoins listed on centralized exchanges be issued by entities with electronic money licenses and that they keep at least two-thirds of their reserves in an independent bank. Since Tether, the issuer of USDT, does not meet these requirements, its stablecoin will be removed from the European market.

In contrast, USDC, issued by Circle, does comply with MiCA regulations and will continue to operate in Europe. Circle obtained the necessary license in July of this year, allowing its stablecoins, USDC and EURC, to remain in the European market and capture a considerable portion of the trading volume.

Exchanges such as Binance and OKX have already delisted USDT, and other operators have until December 30 to comply with the regulations. This move also led Tether to suspend support for its euro-pegged stablecoin, EURT, on November 27, marking a clear setback in its influence within the European market.

ATTENTION Rlusd, who supports xrp can explode with this 😎, up to the same as usual with OM