USDT will soon be delisted from several compliant platforms in the European Union.
This decision is made to comply with the upcoming implementation of the "Regulation on Markets in Crypto-Assets (MiCA)" in the EU, which will come into full effect on December 30, 2024. MiCA requires that all stablecoins listed on centralized exchanges must be issued by entities holding an electronic money license, which Tether has not yet obtained.
As a result, several cryptocurrency exchanges, including Coinbase and OKX, have announced that they will delist USDT trading pairs before December 30. These exchanges will provide users with the option to convert their held USDT into compliant stablecoins, such as USDC.
This move may have a certain impact on USDT's market position, as the EU is an important cryptocurrency market. However, it also provides market opportunities for other compliant stablecoins and encourages cryptocurrency exchanges and stablecoin issuers to pay more attention to regulatory compliance.
For investors, it is important to closely monitor market dynamics and changes in regulatory policies to make informed investment decisions. At the same time, it is essential to recognize the volatility and risks of the cryptocurrency market and to manage risks effectively.
