#BtcNewHolder What’s the Latest FUD About Tether (USDT)? Is There a Need to Panic? Here’s What You Need to Know
Tether (USDT) Delisting
One of the immediate implications of Mekar is the delisting of USDT from Tether, the world’s largest stablecoin by market cap. USDT will no longer be usable on most European exchanges starting December 30.
While USDC (USD Coin) is compatible and accepted and will remain in use, the loss of USDT could negatively impact trading pairs and liquidity. More stablecoins could follow, potentially reducing the options available to EU users.
What does this mean for users?
Transfers between exchanges: Personal data will now accompany every transaction. This lack of opacity raises concerns about where private information can go and how it can be handled securely.
Hot and cold wallets: Linking wallets to identities undermines the traditional privacy that digital wallets provide. Even wallets that are not connected to direct inlets or outlets of fiat currencies may face Know Your Customer requirements.