📉 Cryptocurrency exchange Bitstamp is preparing to fully implement the European Markets in Crypto Assets (MiCA) regulation by delisting the Euro-pegged stablecoin Tether (EURT). Bitstamp, one of the first exchanges to list the Euro-denominated stablecoin Tether in November 2021, will remove EURT by the end of June.

EURT, issued in 2021, is significantly inferior in capitalization to USDT, amounting to only about $33 million.

Bitstamp supports the unification of cryptocurrency regulation in Europe. Bitget's stablecoin restrictions will not affect stablecoins that are not pegged to the euro.

“Bitstamp will not list or market new EMTs that do not meet MiCA requirements,” the exchange said.