What Will Happen to Tether’s USDT in Europe? 🔥🔥😱✅

As of this writing, Tether’s USDT is theoretically supposed to be removed from crypto exchanges affected by MiCA regulations on December 30. USDT is currently not compliant with the soon-to-be-established regulation, and Tether previously announced the phasing out of EURT, its euro-backed stablecoin that aims to conquer the European market.

We’ve reached out to various crypto exchanges, who have clarified (or not) their stance on USDT listing:

Coinbase has confirmed to us that USDT (as well as other non-compliant stablecoins) can no longer be bought, exchanged, or traded on its platform as of December 13;

Deskoin has told us that USDT and DAI can no longer be bought, exchanged, or sold for euros as of December 31. Any remaining USDT balances after this date will be converted to USDC. It will no longer be possible to make deposits in USDT;

Binance did not want to communicate about this topic. Note that it is no longer possible to buy USDT on the platform, but trading pairs with USDT are still available, in particular the BTC/USDT pair; $BNB

Kraken told us that they had no contact to make on this topic. USDT is still available on the platform without restrictions $BTC