USDT has not been banned in the EU. What’s being taken away is something else: exchanges’ right to work with non-MiCA stablecoins

On October 8, ESMA issued an opinion. It’s addressed to regulators in every EU country. The gist is simple:
- licensed exchanges can’t provide any services involving non-MiCA stablecoins
- custody is included
- there’s a three-month grace period for existing balances; Cointelegraph calculates the deadline as January 8, 2027

During the transition, you can sell, convert, withdraw, transfer, and keep holding what you already have until you exit. You won’t be able to buy more

And ticking “I understand the risks” won’t save you—ESMA explicitly says disclaimers don’t count)

ESMA didn’t name a single token. Coinbase did: USDT and PYUSD. Withdraw them by October 30, or it will convert any remaining balance itself into $USDC

This doesn’t affect your own wallet; it only applies to exchanges

My stablecoins are in Simple Earn Flexible on Binance, and I’m not touching them because of this opinion

Has your exchange contacted you yet, or is it still quiet?

#ESMA #MiCA