Summary
- It was reported that Tether (USDT) is expected to be delisted from multiple European exchanges due to EU cryptocurrency regulations.
- It was stated that as EU exchanges proceed with USDT delisting, the liquidity of cryptocurrencies in the EU market may be limited.
- Tether is reportedly preparing to launch a Euro-based stablecoin to comply with regulations.
Due to the European Union (EU) cryptocurrency regulation law MiCA, several exchanges within Europe are delisting Tether (USDT), and this trend is likely to cause confusion not only for Tether but also for the EU's cryptocurrency market.
On the 20th (local time), cryptocurrency specialized media BeInCrypto reported, "It became clear several months ago that Tether does not meet the conditions of MiCA," and pointed out, "Accordingly, EU exchanges must delist USDT by December 30th (local time)."
Furthermore, it stated, "As Tether is the most liquid stablecoin, there is growing concern that EU users may receive exclusive and limited services," and explained, "Especially with the U.S. cryptocurrency industry showing strength following Donald Trump's presidential victory, there is a possibility that investment in the EU market will further decrease."
Meanwhile, Tether plans to prepare for the launch of a Euro-based stablecoin that complies with future regulations.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
