Revolut will delist Tether's USDT by 31st August, with deposits set to be disabled by the end of July as EU's MiCA goes into effect...
- Revolut is delisting Tether's USDT by August 31st due to regulatory pressures from the EU's MiCA framework, which is impacting stablecoin compliance.
- Tether's CEO criticizes MiCA as 'dangerous' for stablecoins, fearing it could lead to banking crises and position the Digital Euro for control, while Circle's USDC, with MiCA approval, sees increased adoption.
- USDC's transfer volume has significantly surpassed USDT's, indicating a potential shift in stablecoin preference within the EU, driven by regulatory compliance and adoption trends.
Topics: Legal regulatory, Jurisdictions, Blockchain usage, Securities law classification, Regulatory sandboxes pilots, Ethereum evm l 1 s
Tags: #revolut #usdt #usdc #mica #stablecoin #tether #circle #eu #regulation #compliance
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