Ju Ki-young "Concerns Spread Over Delisting of Tether by European Crypto Exchanges... Is It FUD Triggered by MiCA Law?"
Minseung Kang
Summary
- It was reported that there are concerns about European crypto exchanges delisting Tether after the implementation of the MiCA law.
- CEO Ju Ki-young stated that FUD is spreading that Tether is losing its influence.
- According to on-chain data, these concerns have not yet had a significant impact.
After the implementation of the European crypto asset law, MiCA, concerns are emerging that the stablecoin Tether (USDT) is losing its power as it gets delisted.
On the 31st, Ju Ki-young, CEO of CryptoQuant, stated on X (formerly Twitter), "Ahead of the MiCA law implementation, European crypto exchanges are delisting Tether, and FUD (Fear, Uncertainty, Doubt) is spreading that Tether is losing its influence."
Meanwhile, according to on-chain data, these concerns are not yet having a significant impact. The 'Exchange USDT Holdings' data he attached shows that the USDT holdings on the Ethereum (ERC-20) and Tron (TRC-20) networks have slightly decreased.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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