🔴 The European regulator ESMA has given EU crypto platforms a strict three-month deadline to clear non-MiCA stablecoin exposure 📉. Exchanges are restricted to limited sell, transfer, and withdrawal services during the transition. Expect liquidity to migrate fast toward fully licensed stablecoin issuers ⚡ as European order books restructure.

Will European traders shift non-MiCA stablecoin liquidity into USDC, or move capital offshore entirely? 👇

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