why eu delist usdt here are all details.

The European Union's implementation of the Markets in Crypto-Assets (MiCA) regulations has led to the delisting of Tether's USDT from several EU-based cryptocurrency exchanges. MiCA, effective December 30, 2024, imposes stringent compliance requirements on stablecoin issuers, including obtaining e-money licenses and maintaining specific reserve standards. Tether has reportedly not met these criteria, prompting exchanges like Coinbase to proactively delist USDT to adhere to the new regulatory framework.

The delisting of USDT is expected to impact market liquidity and trading dynamics within the EU. As USDT has been a dominant stablecoin facilitating numerous trading pairs, its absence may lead to reduced liquidity and increased transaction costs for traders. Consequently, market participants might shift to alternative stablecoins such as USD Coin (USDC), which are compliant with MiCA regulations.

It's important to note that while USDT is being delisted from regulated EU exchanges, holding or transacting with USDT is not illegal under MiCA. Users can still utilize USDT through non-custodial wallets and decentralized exchanges. However, the delisting from major exchanges signifies a significant shift in the EU's approach to cryptocurrency regulation, emphasizing the importance of compliance for continued market participation.