I read so much misinformation around USDT that it's no wonder people are confused and scared.
From it being illegal to own to it's going to crash and take the entire market with it.
Here's what is really about to happen đ
NOTHING. No seriously, absolutely nothing.
You have been engagement farmed all week and frankly I would advise you to unfollow all the accounts with misinformation.
They either didn't look it up at all OR they know better but just spread panic to farm your attention.
Did you know that some of the biggest exchanges that are based IN EUROPE, will still keep USDT?
- Binance Europe
- Crypto-Com
- ...
Did you also know that a public statement from regulators said that USDT ISN'T non-compliant?
Yes, you heard me. No official source has stated that USDT isn't allowed to be traded on exchanges at all.
Even Juan Ignacio Ibañez, a member of the technical committee of the MiCA alliance confirmed this.
Then why are some exchanges delisting it like coinbase?
Purely precautionary. But that's literally it. Just like XRP was once delisted by exchanges and then magically added again because nothing was wrong after all.
If it really was illegal or non-compliant, you would see it removed from every exchange asap (and not still have it listed on Binance Europe, which is HEAVILY regulated these days).
Did you also know that even IF USDT someday would be delisted by all European exchanges NOTHING would happen to it?
(bet you are wondering how insane the misinformation you've been reading about has been right?)
Europe is only a fraction of the entire world and USDT would just go on and do its business around the rest of the world.
Not even accounting to the fact that every European still can trade it across 100+ dexes.
(non-compliant doesn't even mean illegal or not allowed to be traded by Europeans at all. Otherwise we would barely be able to trade any crypto anymore)
It just means EU exchanges would primarily need to comply and slowly offer other options.
But again, this is only an IF.
Today, it's even STILL allowed for European exchanges to list it.
MiCA or no MiCA.
So all the panic you've been reading? Well, you've been listening to clowns.
TDLR:
- Not illegal
- Not crashing
- Still available to trade
- Nothing changes at all (really absolutely nothing)