$USDC USDC HAS BEEN APPROVED UNDER THE NEW MICA REGULATIONS OF EUROPE 🚨

Europe has not officially "banned" USDT but requires exchanges to comply with the regulations of the Crypto Market Regulation (MiCA) by December 30, 2024. USDT does not fully comply with these requirements, leading exchanges to delist USDT. The main reasons include:

1️⃣ Transparency and reserves: MiCA requires stablecoins to be transparent about their reserves and have the appropriate licenses. Tether has struggled to demonstrate its full and transparent reserves.

2️⃣ Legal compliance: USDT has not obtained the necessary licenses to operate in the EU under MiCA, while USDC issued by Circle, with support from Coinbase, seems to be better prepared for compliance.

3️⃣ Support $USDC : USDC is supported because it has either met or is getting closer to meeting MiCA's requirements, providing a more stable and transparent alternative for investors.

Therefore, the "support" for USDC mainly comes from its better compliance with current regulations compared to USDT, not due to an official choice from the EU.

⚡️It can be seen that earn usdc is currently offering a much better apr than usdt, even Binance is showing more support for usdc, right everyone?