🔴 ESMA gave regulators a 90-day deadline to clear non-MiCA stablecoins from exchange accounts. This goes beyond trading bans, forcing platforms to liquidate 📉 or forcibly exchange unauthorized dollar tokens. Expect localized liquidity fragmentation 👀 as European traders switch to compliant alternatives before the deadline.

Will the forced removal of non-MiCA stablecoins drive European trading volume into compliant euro tokens, or lead to capital flowing to offshore platforms? 👇

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