Topic: Europe Delisting USDT (Read 114 times)

Just like you the liquidity of USDT might decrease but if I was the CEO of Tether Im gonna fight for it and try to hire someone to fix this.

USDT has already been here for such a long time and there are so many things going on including rumours about their real asset and etc. But the good thing is something like this can push tether to comply with the government so they can be more transparent.

Stablecoin diversify is also needed so you choose USDC or other stablecoin aswell

Crazy. Finally somebody is doing something about tether and I don’t know it will have good consequences. My question is, why did they wait so long? Why haven’t they delisted tether years ago when it had much smaller market share? These snakes are as guilty as the tether issuers in my eyes. Tether infiltrated to every cell of the crypto industry just like how usd did to the world trade. Removing tether completely won’t be painless and maybe that’s why they waited that long.

All that remains now is for Trump to invite all the stablecoins to relocate to the USA and support them all, as Michael Saylor suggested, so that the ridiculousness of the EU can be seen once again.

What is changing the world now and will continue to do so in the coming years are AI and cryptocurrencies, both of which require huge amounts of energy. In the EU they have not yet realized because they are more concerned about saving the world by putting caps on bottles, so we will see how things turn out because you can not live forever off the past.

There was already an advance notice about this, as it was set to be delisted by December 13, 2024. In fact, an article about it was published back in October 2024, so I’m pretty sure Coinbase and other exchanges had already issued advisories - usually at least a month in advance.

Coinbase to delist some stablecoins in Europe ahead of new regulations



They say USDC is more transparent, hence more compliant. If that’s the case, it might be goodbye to USDT and hello to USDC. But let’s not ignore the possibility of politics being involved here, exchanges and even some people in the government might be benefiting from this news.

And when we talk about politics, it often feels like a fancy word for corruption. Lol.

It could be, read conflicting news about it, they say the USDT is not compliant with MICA while USDC is. So there is some politics behind this. And I'm not sure if people are made aware of this? Like a advance notice or something?

 Anyway just swap USDT to USDC and everyone will be fine I guess. And with that, Coinbase will be the winner.

Or some countries in Europe are pushing their own crypto based for all we know.

This USDT delisting in Europe feels like overcorrection. I'm not a stablecoin fan, but they're useful. For Bitcoin to enter mainstream finance, stablecoins are needed. Without an easy on-ramp, mass adoption is impossible, and Tether has provided that for years. The EU's MiCA initiatives make sense: financial control, crime prevention, all the usual stuff. USDT banning feels like banning the fastest train to avoid ticket scalpers. The liquidity of Tether has been crucial to the volume of cryptocurrency trades around the world

If USDT liquidity declines in Europe, traders won't quit. They will go to less-restrictive jurisdictions. What does that do? Europe loses its place in the global crypto market while the US gets a less strict and more business-friendly regime under Trump. Capital doesn’t like barriers. Goes where rails are smoother. That doesn't mean USDT should get away with it. Competition may come from Circle's USDC or euro-CBDC. But expecting Tether to disappear overnight without creating ripple effects? Not how liquidity works. This feels more like slow-motion market fragmentation than innovation

It’s politics, really, pushing their CBDC agenda. I think that’s the likely trend in the future. If governments see financial benefits when their own digital coins are used, they’ll take steps to ensure their dominance. Since they regulate exchanges, they could introduce policies that are so strict and difficult to comply with that stablecoins, which currently enjoy billions in volume, might slowly fade away, giving way to their own coins. That's how they use their power.

Actually, from what I've read here and there, it's pretty much only Coinbase delisting USDT, and that's because they are pushing their USDC, not because of MiCA, no matter what they claim publicly.
Many claim that USDT is just fine and compliant with MiCA.

To make it clear: imho both USDT and USDC should easily go into oblivion starting now, I don't like any of them and I use any only when I have no other choice. However, this delisting thing is politics, hence you should read a bit more about what's in there.

There alot of thoughts running through my head about this for long before now their have been negative talks about USDT every now and then we hear about the upcoming end of USDT now them getting delisted for Europe sums up all the negative talks.

But I am very skeptical especially about the BlackRock relationship with USDC, if we are being honest the biggest winner in all of this is USDC because this is amongst the top alternative for users and with BlackRock closely related with USDC are they in any way in connection with this? In my own opinion regulations are the fastest way to have control over sectors and the delisting of USDT from Europe sends a strong message

The recent announcement about USDT being delisted in parts of Europe has stirred significant debate within the cryptocurrency community. As someone closely observing the evolution of digital assets, I believe this move could mark a pivotal moment for how stablecoins and crypto, in general, are treated by regulators worldwide.

What Happened?
In case you missed it, the delisting stems from compliance challenges posed by the European Union's regulatory framework, particularly MiCA (Markets in Crypto-Assets Regulation). Tether's regulatory hurdles indicate that authorities are doubling down on stablecoin scrutiny to ensure alignment with their financial oversight goals.

Why This Matters
Impact on Liquidity: USDT is one of the most widely used stablecoins, serving as a bridge for countless traders and investors. Its reduced availability in Europe could lead to liquidity fragmentation and increase reliance on alternatives like USDC or even algorithmic stablecoins.
Signal to the Industry: This delisting isn’t just about USDT; it’s a broader message to all stablecoin issuers to meet stringent compliance standards or risk losing access to key markets.
Catalyst for Innovation: It may push issuers to create more transparent and decentralized models, potentially spurring innovation in areas like CBDCs or decentralized stablecoins.

What are your thoughts on this?