Home
Notification
Profile
Trending Articles
News
Bookmarked and Liked
Creator Center
Settings
Omi_chemicals
--
Bullish
Follow
#Arpausdt
Lets go !
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.
See T&Cs.
7
0
Replies
0
Explore the latest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number
Sign Up
Login
Relevant Creator
Omi_chemicals
@Omi-chemicals
Follow
Explore More From Creator
Check my profile
--
The world's largest stablecoin, Tether (USDT), is set to be delisted in the EU on December 30th, 2024, as it is not compliant under the new MiCa regulation. Tether's market cap stands at about $139.7 billion, roughly 13% of all Swiss Franc in existence and larger than the entire valuation of Nike or UPS. In Argentina, 80% of all tech contractors are paid in USDT and for institutional investors USDT has always been the go-to-'currency' to swap digital asset into USD safely and quickly. Also, Tether is dwarfing its direct competitor Circle, whose stablecoin USDC is 4x smaller. Hence, USDT is very large. So why is it being outlawed? The Markets in Crypto Assets (MiCA) regulation, aims to bring greater transparency and consumer protection to the crypto market. MiCA requires all crypto-asset issuers, including stablecoin providers like Tether, to secure appropriate licenses to operate within the EU. Tether is considered to be an Electronic Money Tokens (EMTs) and as such in future can only be publicly offered on EU platforms if the issuer is authorized as a credit institution or electronic money institution - and has submitted a crypto-asset whitepaper to the competent authority. As of today, Tether has chosen to do neither. This could potentially lead to severely reduced liquidity and increased volatility. In contrast, Circle's USD Coin (USDC) has already achieved MiCA compliance, by applying for a E-Money License in Paris. I personally believe that MiCA is good for the EU and a prerequisite for developing web 3 solutions for institutional investors that rely on clear rules. However, USDT becoming outlawed was certainly an unintended consequence. What's your opinion? Why did Tether chose not to comply with EU regulations and what does this mean for the EU? And could this even support the emergence of Euro stablecoins? #Fintech #MiCA #Tether #USDT #stablecoins
--
Breaking: Japan rejects Strategic #bitcoin proposal. Bullied ⛳️
--
Spot on !!! A trader is one who’s limits order fills
--
$JUP Discounts !! ATH soon.
--
Latest News
Virtual Surpasses Tao In Cryptocurrency Market Capitalization Rankings
--
Automata Network Sees Significant Price Surge
--
Google Ads Impersonating Usual Protocol Pose Security Risk
--
Cryptocurrency Market Sees $170 Million Liquidation In 24 Hours
--
PHA Experiences Significant Surge Before Decline
--
View More
Trending Articles
$USUAL Liquidated Long: $78.4K at $1.062 A long liquidatio
King-Oliver
*Binance Par Naye Traderon Ki Sabse Badi Galtiyan Aur Unse B
Noob to pro trader
🚨 XRP JUST IN! ROBERT KIYOSAKI EXPOSES BLACKROCK'S PLANS WI
Crypto Journey1
Breaking News: Phala Network (PHA) Pumped by Whales After USDT Ban in Europe – Chinese Community's..
Tech666
ChatGPT Weighs In: Can Ripple (XRP) Finally Hit New All-Time High in 2025?
CryptoPotato
View More
Sitemap
Cookie Preferences
Platform T&Cs
