MEER16
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Hello everyone,
I’ve heard that on December 30th this year, USDT will be delisted from all exchanges in the EU. All of my investments in crypto in the past years were made using USDT. I deposited EUR and converted it into USDT and then bought any crypto I wanted. Now I am wondering if I will still be able to sell my crypto in the future, especially pairs like BTC/USDT and ETH/USDT. I understand I wont be able to buy them and will be forced to change pairs to BTC/USDC for example.
For my exchange I use Binance so I am wondering if they will automatically convert it to another stablecoin like USDC? Do I need to do that manually?
Do I need to take any action before the deadline, or is it fine to just keep HODLing? I don’t usually follow crypto news, so I only learned about this recently.
Thanks for your help!
EDIT: I just talked to Binance support, and they only mentioned stablecoins restrictions that were made by MiCa mid summer this year. There is no official news of USDT or other stablecoins getting delisted (yet). If that happens, Binance would make an official announcement. I am guessing that there would also be some kind of transition time for users to change stablecoins.
I’ve heard that on December 30th this year, USDT will be delisted from all exchanges in the EU. All of my investments in crypto in the past years were made using USDT. I deposited EUR and converted it into USDT and then bought any crypto I wanted. Now I am wondering if I will still be able to sell my crypto in the future, especially pairs like BTC/USDT and ETH/USDT. I understand I wont be able to buy them and will be forced to change pairs to BTC/USDC for example.
For my exchange I use Binance so I am wondering if they will automatically convert it to another stablecoin like USDC? Do I need to do that manually?
Do I need to take any action before the deadline, or is it fine to just keep HODLing? I don’t usually follow crypto news, so I only learned about this recently.
Thanks for your help!
EDIT: I just talked to Binance support, and they only mentioned stablecoins restrictions that were made by MiCa mid summer this year. There is no official news of USDT or other stablecoins getting delisted (yet). If that happens, Binance would make an official announcement. I am guessing that there would also be some kind of transition time for users to change stablecoins.
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