Tether (USDT), the largest stablecoin by market capitalization, may face removal from European exchanges due to non-compliance with new Markets in Crypto-Assets (MiCA) regulations. The deadline for compliance is December 30, 2024.
The XRP community are worried about this impacting the price of XRP, but i would expect with the USDT Tether challenges, thats amazing news for RLUSD because people are going to start using it instead of Tether USDT, and therefore XRP price goes up.