Important Notice! Friends of XRP and USDT, listen up! On December 30th, something big is coming!
Regarding that $XRP , the European Union has a new crypto regulation (MiCA) that will come into effect on December 30, 2024. This regulation states that stablecoins like Tether (USDT) must meet certain standards to operate in the EU. However, it is rumored that USDT has not met the requirements and may be kicked out of EU crypto exchanges. This information comes from Coingape.
As of December 27, USDT was still worth about $0.9985, maintaining a good pairing with the dollar. But if it really gets kicked out, using and transferring it in the EU could become problematic.
Friends of XRP, you also need to pay attention to this matter. If a major stablecoin like USDT cannot be used or is used less, the entire market's liquidity will be affected, and trading will also suffer. XRP itself is not directly affected by the MiCA regulation, but if the market gets chaotic, XRP's trading environment may also take a hit.
So, for those stablecoins you hold, don't keep them all in one basket; you need to diversify. Also, keep a close eye on regulatory developments so you can navigate the ever-changing world of cryptocurrencies.
Speaking of XRP, it is currently selling for $2.17, and despite the uncertainty surrounding many regulations, it is holding up well.
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