CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
The Defiant 2024-12-28 09:39:01

Tether Faces Pressure as EU MiCA Compliance Deadline Looms

Uncertainty surrounds Tether's USDT stablecoin as the deadline for complying with the European Union's MiCA (Markets in Crypto-Assets) regulations approaches on Dec. 30. The stablecoin could face removal from European exchanges if it fails to comply with MiCA, which aims to standardize EU market rules for crypto-assets. In the past year, USDT has accounted for nearly 68% of global stablecoin trading volume and currently has a market capitalization of around $140 billion, according to DefiLlama . The uncertainty surrounding USDT’s future in Europe highlights the broader challenges facing the cryptocurrency industry as regulations evolve. A potential delisting of USDT could disrupt liquidity, making it harder for users who rely on the stablecoin for transactions to operate effectively. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.