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MiCA Threatens USDT’s Future in Europe as Potential Ban Looms in 4 Dayswww.financemagnates.com/cryptocurrency/mica-threatens-usdts-future-in-europe-as-potential-ban-looms-in-4-days/
183 sats \ 4 comments \ @ch0k1 28 Dec 2024 news
Tether (USDT), the largest stablecoin by market capitalization, may face removal from European exchanges due to non-compliance with new Markets in Crypto-Assets (MiCA) regulations. The deadline for compliance is December 30, 2024, raising uncertainty among market participants.
“No regulators have explicitly stated that USDT isn’t compliant, but this does not mean that it is,” Juan Ignacio Ibañez, a member of the Technical Committee of the MiCA Crypto Alliance, told Cointelegraph.
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0 sats \ 3 replies \ @stack_harder 28 Dec 2024
Europe failing again to see the real problem, they don't even offer a proper stable coin tied to the euro, these idiots could be running a teather-style business, instead they will run scared and ban something instead.
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0 sats \ 2 replies \ @ch0k1 OP 28 Dec 2024
Let me correct you - there are many EUR pegged stablecoins (some backed up by Tether, Circle and even a Swiss bank). I'm not sure how far did they go with MiCA but surely some of them are already integrated into most exchanges.
https://itez.com/en/blog/coins/exploring-euro-stablecoins
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0 sats \ 1 reply \ @stack_harder 28 Dec 2024
last time i looked on binance i couldn't find one and saw that Tether is discontinuing its euro stablecoin
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0 sats \ 0 replies \ @ch0k1 OP 28 Dec 2024
You can find EURI on Binance
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