Coinbase Delists Tether’s USDT Citing Non-Compliance with MiCA Regulation: A Guide for Investors

Crypto alert: Tether’s USDT delisting – What every investor must know

In a shocking move, Coinbase has delisted Tether’s USDT from its platform, citing non-compliance with the EU’s crypto regulation MiCA (Markets in Crypto Assets Regulation). This drastic measure has shed $4 billion off USDT’s market cap, leaving investors scrambling for answers. As of now, the regulator ESMA (EU Securities and Markets Authority) has not officially commented on USDT’s compliance status.

The delisting has sparked a heated debate within the crypto community, with some industry insiders labeling it as ‘Tether FUD’ (fear, uncertainty, and doubt). Samson Mow, CEO of BTC nation-state advisory firm Jan3, claims that only Coinbase has taken this drastic measure due to its investment in Circle, which offers a compliant stablecoin USDC. On the other hand, Local European regulators have been given more than 12 months to review and comply with MiCA.

The sudden delisting has raised concerns about the potential impact on liquidity in EU markets and could potentially reinforce U.S. dominance in the crypto space. As a result, investors are left wondering what this means for their portfolios and whether they should hold onto USDT or switch to other compliant stablecoins like Circle’s USDC.

To put it simply, every investor must know that Tether’s USDT delisting from Coinbase may have significant repercussions on the market. The uncertainty surrounding its compliance with MiCA has caused a sharp drop in its market cap, and investors are advised to exercise extreme caution when dealing with this asset.

In conclusion, we urge all investors to remain vigilant and keep a close eye on any future developments regarding USDT’s status as it continues to play out.

Source: ambcrypto.com