and what will happen to the investments made in USDT, will it be necessary to sell the currency and buy with USDC, and if so, why are there still currencies that cannot be purchased with USDC
FutureKing007
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Bullish
CONVERT $USDT to $USDC : Yes, some European exchanges are delisting USDT due to the upcoming implementation of the Markets in Crypto-Assets (MiCA) regulations.
* Coinbase has already delisted USDT for European users. * Other exchanges may follow suit, although the situation is still developing.
Key reasons for delisting: * MiCA Compliance: MiCA imposes strict requirements on stablecoin issuers, including obtaining necessary licenses and ensuring transparency of reserves. Tether may not currently meet all these requirements. * Regulatory Uncertainty: There's uncertainty about whether USDT will be deemed compliant under MiCA. Exchanges are taking a proactive approach to avoid potential regulatory penalties.
Potential Impacts: * Reduced Liquidity: USDT is widely used for trading, and its delisting could impact liquidity in the European crypto market. * Shift to Other Stablecoins: Traders may shift to other stablecoins like USDC or EURS that are more likely to comply with MiCA.
Disclaimer: This information is for general knowledge and should not be considered financial advice.
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