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EU halts USDT trading, crypto market may be impacted

Recently, the EU officially issued a statement that according to the rules of the Market Regulation of Crypto Assets (MiCA), from December 30, 2024, all cryptocurrency trading platforms in the EU will stop providing USDT stablecoin trading services issued by Tether.

According to the MiCA rules, stablecoin issuers must obtain an electronic money license before conducting trading services in EU member states, and Tether did not obtain this license, so it was "banned" by the EU.

This move will prevent users in the EU from trading USDT through trading platforms. Since Tether is the world's largest stablecoin issuer and its products are widely used, the EU's decision will not only affect the regional market, but may also trigger a chain reaction in the global cryptocurrency market.

The EU said that this move is aimed at protecting the interests of investors and maintaining the stability of the cryptocurrency market. At the same time, it also called on other national regulators to strengthen supervision and jointly promote the healthy development of the global cryptocurrency market.

This sudden incident undoubtedly brought major obstacles to cryptocurrency trading. USDT is often used as a value storage and trading medium in cryptocurrency transactions. Its restriction in the EU may cause market panic and lead to a sharp pullback in cryptocurrency prices. For investors, the current market uncertainty is increasing, and bargain hunting needs to be extra cautious to avoid losses. #2025加密趋势预测 #加密市场调整