$SAND The sky is falling, the sky is falling! Can this year still be spent well?
The EU will delist unregulated stablecoins on the 30th of this month.
According to the "Markets in Crypto-Assets Regulation" (MiCA) that the EU will implement in 2024, starting from December 30, 2024, which is the day after tomorrow, all cryptocurrency exchanges operating in the EU must delist stablecoins that do not have EU approval, including USDT issued by Tether.
Many cryptocurrency exchanges within the EU have gradually delisted USDT, while new issuers are trying to fill the gap, and investors are defaulting to using euros for cryptocurrency trading. This change has a direct impact on market liquidity and trading habits.
Alternative solutions are still in a controversial stage so far!
Global impact on the entire cryptocurrency world: Although USDT is mainly being delisted in the EU market, its global influence still exists. Tether, as the largest stablecoin issuer in the world, has its products widely used globally. The EU's decision may trigger a ripple effect on the global cryptocurrency market, especially for users and exchanges that rely on USDT for trading.
