Cryptocurrency exchange Bitstamp is getting ready to comply with Europe's Markets in Crypto-Assets Regulation (MiCA) by removing Tether's euro-pegged stablecoin, EURT. Bitstamp, an early adopter of EURT in November 2021, will delist it before June ends to adhere to MiCA, effective on June 30. EURT, launched in 2021 by Tether, lags behind USDT in market value, currently at $33 million compared to USDT's $110 billion. Bitstamp's UK managing director, James Sullivan, supports MiCA's goal of standardizing crypto regulations in the EU. Bitstamp will continue trading USDT and USDC but restrict new EMTs that don't meet MiCA standards. Uphold, on the other hand, chose to delist USDT and other stablecoins to comply with MiCA. Tether's CEO criticized MiCA in May 2024, expressing reluctance to operate under its regulations. Read more AI-generated news on: https://app.chaingpt.org/news
