๐จ The EU is about to delist USDT from all licensed exchanges, worth $175 billion!
Binance, Coinbase, Kraken, and Crypto.com have started removing USDT for EU users after Tether decided NOT to seek approval under the MiCA regulations.
Deadline: July 1, 2026. After this date, any exchange in the EU that still lists USDT will be breaking the law.
Meanwhile, Circle has gained a monopoly: USDC is now the ONLY stablecoin allowed on licensed EU exchanges.
Why did Tether refuse MiCA?
๐น MiCA requires stablecoin issuers to hold 1:1 reserves in EU banks.
๐น Tether believes this regulation limits flexibility and doesn't fit their business model.
๐น Instead of complying, Tether chose to exit the EU market.
Major implications:
๐ธ About $184 billion in stablecoin liquidity will vanish from EU books.
๐ธ EU users will have to switch to USDC or MiCA-compliant stablecoins.
๐ธ There could be a massive capital shift from USDT to USDC, putting pressure on the price.
๐ธ Decentralized exchanges (DEX) may become alternative trading venues for USDT.
Tether remains confident that USDT will continue to operate on decentralized exchanges and in regions outside the EU, but losing a market of 450 million people is a heavy blow.
The stablecoin race in the EU is now a one-horse race for Circle.
$USDT
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https://app.binance.com/uni-qr/cpro/Square-Creator-4a0f2008149d?l=en&r=BOZMO8A1
#Stablecoin #Crypto #Regulation #MiCA
Binance, Coinbase, Kraken, and Crypto.com have started removing USDT for EU users after Tether decided NOT to seek approval under the MiCA regulations.
Deadline: July 1, 2026. After this date, any exchange in the EU that still lists USDT will be breaking the law.
Meanwhile, Circle has gained a monopoly: USDC is now the ONLY stablecoin allowed on licensed EU exchanges.
Why did Tether refuse MiCA?
๐น MiCA requires stablecoin issuers to hold 1:1 reserves in EU banks.
๐น Tether believes this regulation limits flexibility and doesn't fit their business model.
๐น Instead of complying, Tether chose to exit the EU market.
Major implications:
๐ธ About $184 billion in stablecoin liquidity will vanish from EU books.
๐ธ EU users will have to switch to USDC or MiCA-compliant stablecoins.
๐ธ There could be a massive capital shift from USDT to USDC, putting pressure on the price.
๐ธ Decentralized exchanges (DEX) may become alternative trading venues for USDT.
Tether remains confident that USDT will continue to operate on decentralized exchanges and in regions outside the EU, but losing a market of 450 million people is a heavy blow.
The stablecoin race in the EU is now a one-horse race for Circle.
$USDT
๐ Get hot updates daily. Follow the Channel
https://app.binance.com/uni-qr/cpro/Square-Creator-4a0f2008149d?l=en&r=BOZMO8A1
#Stablecoin #Crypto #Regulation #MiCA