⚠️RLUSD LAUNCHED IN EUROPE ON DECEMBER 30⚠️

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‼️Tether ‘abandons’ USDT and will launch another stablecoin in Europe‼️

Tether, the largest stablecoin issuer on the market, has announced the launch of a new stable cryptocurrency adapted to European Union (EU) regulations.

Paolo Ardoino, the company’s CEO, said that the new asset will hit the market in order to comply with the requirements of the Markets in Cryptoassets Regulation (MiCA), which will come into force soon. As a result, the popular USDT, linked to the dollar, will no longer circulate in Europe, giving way to a stablecoin specific to the region.

The decision comes in a context of significant regulatory changes in the European bloc. Starting December 30, 2024, all stablecoins traded in the EU will need to be registered in advance and comply with the criteria set by MiCA.

Cryptocurrency exchanges operating in Europe, such as Coinbase, have already started announcing the delisting of assets that do not meet the new rules. This includes USDT, which is struggling to adapt to the imposed regulations.$XRP $#BtcNewHolder