šŖšŗ Tether ($USDT) is NOT being made āillegalā in the EU as of December 30, 2024! Hereās whatās actually happening:
š” What You Need to Know:
Under the new MiCA regulations, providers like Tether must meet compliance standards. However, they have a 6-18 month transition period to align with these rules.
Some exchanges, like Coinbase, are proactively delisting $USDT to avoid potential regulatory penalties. Others are waiting for more clarity before taking action.
If Tether fails to comply within this period, $USDT would become non-compliantānot illegal. However, EU exchanges and services may still delist it to avoid risks.
āØ Opportunity for Alternatives:
This situation opens the door for MiCA-compliant stablecoins, like Rippleās $RLUSD, to gain traction in the EU market as reliable and regulation-friendly options.
š¤ Whatās Next?
Will Tether adapt to these regulations, or will compliant stablecoins like $RLUSD take the lead in Europe? Share your thoughts below!
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