The MiCA Law eliminates USDT from the European market: What alternatives are gaining ground?
#USDT will be prohibited in several countries: users have one week to exchange them The implementation of the MiCA Law will bring significant changes to the European crypto market, limiting USDT and favoring stablecoins like $USDC C and #EURC The European Union will fully activate the MiCA Law on December 30, removing USDT, a key stablecoin, from the market, marking a turning point in the European crypto ecosystem.
This new regulatory framework offers advantages to competitors like USDC and EURC, backed by Circle, which aim to establish themselves as dominant alternatives in the region thanks to the support of this regulation.
USDT, with a market capitalization of nearly 163 billion dollars, is losing ground in Europe and faces the challenge of adapting to these significant regulatory changes.
USDT faces challenges from the MiCA Law Compliance with the strict provisions of the MiCA Law has proven impossible for USDT, a stablecoin that does not meet the issuance requirements set by European regulations, affecting its presence in the market.
According to the MiCA Law, all stablecoins on centralized exchanges must be issued by entities with electronic money licenses, and their reserves must be backed by at least two-thirds by independent banks.
Due to these requirements, platforms like Binance and OKX have decided to remove USDT from their listings, while other operators must adapt before December 30.
This situation has led Tether to suspend support for its euro-pegged stablecoin, EURT, on November 27, marking a clear loss of influence in the European market.
Always so clear and charismatic, Happy Holidays, I always read you, I am a beginner and having leaders like you in this community helps a lot to have a clear view on the horizon.
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Ualifi Araújo
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Bullish
Analysis $BTC 12/23/2024
#BTC, although we had several good attempts to react, they turned out to be just bearish retests. It seems that the DOUBLE BOTTOM was inevitable here.
Unlike what most people want to make it seem, we are still doing well, of course it was not what we would like to be doing right now (retesting this region). However, it is not the end of the world and to be quite honest, most people are more focused on enjoying Christmas with their loved ones than trading this.
Yesterday we did not have a recovery from $98K, and that made us go down even further, but I still think that this green region on the chart is where we will bounce, of course it may take a while since we have fewer people in the market due to the holidays, but we will bounce.
We are seeing a bit of rotation here, and this explains BTC dominance falling quickly along with the price and #altcoin holding up very well.
It is clear today that BTC does not need to do much, it just needs to move sideways and this will make Altcoins shoot up quickly.
I am very BULLISH about Altcoins and I think they are ready for another round of growth and today we can see this clearly, we just need Bitcoin to stop getting in the way lol.
Of course it is important to keep an eye on your trades at this point in the chart, but I suggest you set price alarms and go enjoy the holidays, get off the chart for a while, EVERYONE is doing it, you should too!
The year 2025 will be the year of VICTORY!
HOLD ON!
* If you have any questions, do not hesitate, go to my INSTA (it is in the fixed image of my profile here), call me and ask your question.
#USUAL At the moment when I kill many little bears. What will happen to $USUAL ? While $BTC falls but the other coins remain stable, does another stage begin?
It's a good idea; we would need to find a way for it to happen, to ensure that there are mechanisms to enable these actions together and to control FOMO and potential scams.
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Jeniffer Deno EIyk
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$USUAL Think of this, how do large firms control market movements? they have large funds, right? what if all retailers get together and they buy together and sell together, working just like they do as a fund, instead of working against ourselves, because see if retailers will fight among themselves for profits that only profits those big firms that have access to those HFT (High Frequency Trading) bots, those bots can capitalize on each 1 cent movement.
If all retailers will buy together, and sell together when it seems to book profits, we can work as a fund together.
Wait a little, there might be a correction to 1.20/1.15 and then buy.
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Andrés Jimenez Arg
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$USUAL what a way to have different opinions from people who study the market... many say there will be a drop and there will be a correction and others say the price will continue to rise... the truth is it's all uncertain because a crazy person comes in with a lot of tokens and makes several sales and messes up the price for us... nobody knows what will happen... good luck to everyone ...
Thank you for the info, I have several coins in Spot in red with quality of that percentage you mentioned, I hope they recover soon. Hugs 🫂
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Krypto_ Alchemy
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If you're holding Altcoins on Spot, don't panic. Altcoins are down 40-50% from their last peak, but they're not going to zero. This is the third sell-off without a significant bounce, and a good rebound is likely soon. We're still in a bull market, with $BTC close to $100k. If you're on Spot, there's no need to worry. Stay calm and hold on. This is why DCA method wins at last
What else you want from me ??? $BTC signal results 🔥🔥🔥 Who started short trades on $BTC Tell your profit 💰💰💰💰 And secure your profit immediately by putting stop loss in profit 💸💸💸💸💸💸 #BinanceAlphaAlert #GrayscaleSUITrust #USJoblessClaimsFall #FranklinCryptoETF
Futures Long Entry: $1.09 with 5x leverage. Maintain the same targets and SL for futures.
The chart indicates $ENA has reclaimed strong support at $1.06 while facing resistance at $1.09. A bullish breakout is on the horizon, signaling a potential rally toward the $1.15-$1.18 zone. If it holds above the purple support zone, buyers will likely take control. Don’t miss this opportunity as momentum builds! Trade wisely.
Teacher, there is a lot of noise regarding #usual, what do we do, hold or secure profits?
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Professor Mike
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Bullish
$USUAL ALERT: Testing Key Resistance at $0.8551! Big Move Ahead! 🚨
$USUAL is showing strong bullish momentum, surging +30.45% today and nearing the $0.86 resistance. A breakout could push the price to $0.90, $0.95, and possibly $1.00. However, failure to sustain above $0.85 may lead to a pullback toward $0.80 and $0.75.
I hope that's the case, teacher, because I am in the red with all the currencies I have invested in cash. I can only wait for this to improve😢
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Professor Mike
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I promise all of you again !!with in just !!1 or two business days !!we will recover all loss !!🔥♥️!Now just follow my predictions which I am posting now !♥️
I have also executed some of your signals and they were quite accurate, but now for a while the market has been too manipulative and it is very difficult and risky to trade
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Professor Mike
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🥹♥️Buddy !!Really thanks !!My Almost 90% followers have soo much trust on me !!I promise all of you I will never break your trust
#FOMO The market is unpredictable and it is also clear that there is manipulation of it. If you are a small investor or just starting out, trade in cash. If you have open positions, keep them because in a little while they will rise in price again, and do not trade futures if you do not have experience; you will only lose your capital. Always use #TakeProfit and #STOPLOSS