Europe Delisting USDT

[digidojo]

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?

[BIT-BENDER]

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

[NeuroticFish]

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.

[freedomgo]

However, this delisting thing is politics, hence you should read a bit more about what's in there.

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.

[slapper]

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

[Kemarit]

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.

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.

[Ziskinberg]

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?

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

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.

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.

[Free Market Capitalist]

What are your thoughts on this?

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.

[mindrust]

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.

[dansus021]

What are your thoughts on this?

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

[Fivestar4everMVP]

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.

You are right, most especially with the last statement, removing tether right now won't be painless, usdt is currently the top stablecoin, and one of the top cryptocurrency after Bitcoin and ethereum, a fight against tether right now has the potential to take cryptocurrency several years back, but thank goodness that this is only happening in the Europe at the moment, maybe in the future, others may follow, but let this be a gradual process.

And as for why those rising against tether are doing so now, the Answer is very simple, it is commonly said that when a man wakes up is his morning, regulators recently started realizing the potentials of crypto and how it already transforming the world, so, I guess it's a tale of better late than never.

[moneystery]

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.

europe is just a region full of unreasonable regulations, they are too strict on everything and sometimes it becomes too much. in this case if cryptocurrency continues to get over-regulated by europe, I feel that there will be more crypto platforms that will change their policies in europe and that will directly affect the crypto market there, making them not get a good share in this growing global crypto market.

[merrymelrosa]

Circle is the biggest scammer! Everyone knows what they did after buying Poloniex. They outright stole users' money. They even went till the great extent of walking back their word and modifying an old blog post that clearly said that withdrawals will still be possible for those users who do not wish to continue with Poloniex without KYC. Users who gave up and tried getting KYC done were rejected for arbitrary reasons. Chronologically, after Mt. GOX, CIRCLE's acquisition of Poloniex had to be the biggest crypto exchange scam, yet, it was sweeped under the run by US gov and didn't get enough attention.

Witnessing this first hand, I would never buy a single dollar of USDC.   E |= |=  CIRCLE!! You are safer with USDTron. Nobody single entity can blacklist your contract / your USDT on TRON chain, unlike USDT on ETH.

[terrific]

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.

This is pretty much what's happening. It's true that it's all about politics. While we see the whole crypto market runs from debating and being better than the other, the same goes in the stable coins side. These huge companies that operates with their own stable coins have to step up and try to beat the big boss of what they're entering so that they'd get the whole huge volume of the world's market into stable coins. Well, Tether has been into scrutiny for how many years about making money out of thin air when they're able to prove that and now this delisting, it will be fine for the upcoming years IMO but yeah, we'll never know what's next.

[o48o]

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.

Maybe you should read about it, so you wouldn't have to guess, because you almost certainly will guess wrong like this time.

They aren't are delisting them because they are "shady" and "guilty", or irritated someone. That's not how eu regulations work. They got banned because they didn't meet MICA standards, in which stablecoin issuers must secure an e-money license. They didn't secure it.

So they waited that long, because before MICA regulation there was not reason to ban it.

[mindrust]

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.

Maybe you should read about it, so you wouldn't have to guess, because you almost certainly will guess wrong like this time.

They aren't are delisting them because they are "shady" and "guilty", or irritated someone. That's not how eu regulations work. They got banned because they didn't meet MICA standards, in which stablecoin issuers must secure an e-money license. They didn't secure it.

So they waited that long, because before MICA regulation there was not reason to ban it.

The good news is bitcoin doesn’t give a fuck about what the European authorities think nor it cares about their laws and regulations. That’s the beauty of a truly decentralized project.

Tether on the other hand is just another centralized company project and that’s why it is so easy fight and kill it. One regulation they didn’t meet and boom and it gets delisted.

Why don’t these delusional people try to regulate bitcoin and delist it? D’oh!

Fuck MICA and whatever other regulations EU demand.

“I want to see the manager of bitcoin!!”

“Find me the CEO of bitcoin I will regulate her!”

Get mad nubz

[Segmadis]

I really hope that this with time this also will fade and they will return it back on the markets. If not, maybe it is time to consider another stable coin like USDC or BUSD.

[Ziskinberg]

I really hope that this with time this also will fade and they will return it back on the markets. If not, maybe it is time to consider another stable coin like USDC or BUSD.

As long as stablecoins remain an option, it shouldn’t be a big issue for us. When choosing stablecoins, we just prefer ones on different networks, especially those with low transaction fees. Losing USDT would definitely be significant, but other stablecoins will likely benefit from that, so just chill, that’s just how the market works. And honestly, this news would only be alarming if it were reported that all stablecoins are getting delisted.

[philipma1957]

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?

Fuck the garbage coin it needs to be removed.

Maybe the euro makes a digital coin  and that's the replacement.

[mindrust]

Fuck the garbage coin it needs to be removed.

Maybe the euro makes a digital coin  and that's the replacement.

Euro is already digital. What you want is a euro backed crypto token which the european authorities can’t regulate or control and if someone creates a coin like that it will have the same fate as usdt because the eu authorities will never allow a centralized project which doesn’t comply with the law.

As much as I hate tether, I’d rather use it than using a EU approved token which they can seize/lock my funds whenever they want. (I heard tether can do it too but I haven’t heard a case or it is not common)

In this picture, bitcoin and a few alts are the only choice.

Centralization only brings misery.

Fuck them regulations.