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EU’s MiCA Regulations Push Tether’s USDT Off Major Crypto Exchanges

EU’s MiCA Regulations Push Tether’s USDT Off Major Crypto Exchanges
The European Union's Markets in Crypto-Assets Regulation (MiCA) has led to the removal of Tether's USDT stablecoin from several cryptocurrency exchanges in the EU. The new regulations require stablecoin issuers to have an e-money license and meet certain requirements, which Tether has not obtained yet. The delisting of USDT has affected liquidity in the European crypto markets, leading traders to use alternatives like the euro or other stablecoins. Critics warn that MiCA could further reduce liquidity without addressing key issues such as illegal activities and regulatory clarity. Some exchanges that have already removed USDT have seen a shift towards fiat trading pairs, causing challenges for traders.

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