Due to the European Union (EU) MiCA Cryptocurrency Regulation Act, several exchanges in Europe are delisting Tether (USDT), and this trend is likely to cause confusion not only for Tether but also for the EU cryptocurrency market.
On the 20th (local time), cryptocurrency media BeInCrypto reported: “It became clear several months ago that Tether does not meet the conditions of MiCA,” and pointed out: “As a result, Tether exchanges EU must delist USDT by December 30 (local time). ).”
Furthermore, he said: “As Tether is the most liquid stablecoin, there are growing concerns that EU users may benefit from exclusive and limited services,” and explained: “Especially with the industry “It is possible that investments in the EU market will decline further.”
Meanwhile, Tether plans to prepare for the launch of a Euro-based stablecoin that complies with future regulations.
