USDT Faces Potential Ban in Europe Over MiCA Compliance by Dec 30
Tether's USDT, the largest stablecoin by market cap, could be removed from European exchanges due to non-compliance with MiCA regulations. With the December 30 deadline approaching, uncertainty looms over its future.
Failure to meet MiCA's requirements may lead to a ban, disrupting liquidity and increasing transaction costs. Critics point to halted token issuance and ongoing concerns about Tether's audit practices.
Exchanges like Coinbase have already warned users to switch to compliant alternatives, such as USDC, as the regulatory deadline nears. The crypto community remains divided on the impact of stricter oversight.
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