🔴 ESMA gave regulators a ninety-day deadline to purge non-MiCA stablecoins from exchange accounts. This moves beyond trading bans, forcing platforms to liquidate 📉 or forcibly swap unauthorized dollar tokens. Expect localized liquidity fragmentation 👀 as European traders migrate into compliant options before the deadline.

Will the forced phase-out of non-MiCA stablecoins drive European volume into compliant euro tokens or push capital to offshore venues? 👇

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