Recently, there are rumors in the market that the EU will delist USDT. Many friends have asked me whether they will be affected and whether they should exchange U for other stablecoins?
Once this news came out, many who were previously indecisive became a bit shaken, fearing that the market might experience a black swan event because of this. But one thing should be understood: when news comes out, first understand the fundamentals. What exactly is the situation with the EU delisting USDT?
You need to understand that the EU delisting USDT is only a matter for their own exchanges and has nothing to do with global major exchanges like Binance, OKEx, or Coinbase. Therefore, the only people who will be affected are those using EU exchanges, and they may not be able to use U for trading in the future.
In summary, there is essentially no impact at all.
This news actually emerged in October, so why are some people now creating panic? The fundamental reason is that the decline caused by last week's events affected their mindset. So far, the market has not finished adjusting, mainly due to the American market being closed and capital outflow, which is why many people can no longer see the negative news and then see that the market hasn't risen yet, leading to a shake in their mindset.
Therefore, I still advise everyone to understand the underlying logic of news in the future. Just like buying altcoins, if you don't understand the news, then what is the logic behind the altcoins you buy? Don't be led by the emotions of the market, and even more, don’t trade emotionally. Only by being steady and grounded can we stand firm in the market and seize real opportunities to make money.
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