Europe has taken another step toward the crypto market without USDT.
Today, ESMA published an Opinion according to which MiCA-authorised crypto platforms must stop providing EU clients with services involving non-MiCA-compliant stablecoins.
The regulator does not name specific tokens. But the main candidate is obvious here—$USDT from Tether, which does not have MiCA authorisation.
It’s not only about trading. The restrictions cover exchange, order execution, transfers, custody, investment advice, and portfolio management.
For existing positions, a transition period is provided: they must be settled no later than January 8, 2027. At the same time, operations necessary to sell, convert, withdraw, or transfer such assets will be allowed.
I wouldn’t call this a “USDT ban.” Formally, the EU is doing something else—it is closing the regulated gateways for stablecoins that do not meet its rules.
And this is much more important. In crypto, you can keep a token alive, but cut off its infrastructure access to millions of users.
If you want to break down such regulatory decisions without clickbait “they banned everything,” follow @MoonMan567
Today, ESMA published an Opinion according to which MiCA-authorised crypto platforms must stop providing EU clients with services involving non-MiCA-compliant stablecoins.
The regulator does not name specific tokens. But the main candidate is obvious here—$USDT from Tether, which does not have MiCA authorisation.
It’s not only about trading. The restrictions cover exchange, order execution, transfers, custody, investment advice, and portfolio management.
For existing positions, a transition period is provided: they must be settled no later than January 8, 2027. At the same time, operations necessary to sell, convert, withdraw, or transfer such assets will be allowed.
I wouldn’t call this a “USDT ban.” Formally, the EU is doing something else—it is closing the regulated gateways for stablecoins that do not meet its rules.
And this is much more important. In crypto, you can keep a token alive, but cut off its infrastructure access to millions of users.
If you want to break down such regulatory decisions without clickbait “they banned everything,” follow @MoonMan567