According to BeInCrypto, European exchanges are preparing to delist Tether (USDT) due to the upcoming Markets in Crypto Assets (MiCA) regulations. The delisting deadline is set for December 30, 2024. This move is expected to impact the EU market's ability to benefit from the ongoing crypto bull market, as Tether is the most liquid stablecoin. Usman Ahmad, CEO of Zodia Markets Holdings Ltd, expressed concerns about the exclusionary nature of this decision for EU clients. Tether has been adjusting its strategy by investing in new stablecoins that comply with EU regulations. Meanwhile, the US crypto market is thriving following Donald Trump's election, with Tether benefiting from new appointments. The European crypto community is apprehensive about the potential market chaos and its effect on investment rates.
EU Exchanges Face Tether Delistings Amid MiCA Regulations by Dec 30
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