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It is important to note that not having a MiCA license does not threaten USDT’s stability. Analysts believe one implication of the new rule is that USDC may see more adoption because of the current condition, since its issuer, Circle, is licensed in the EU.
Related: Coinbase Puts a Stop to USDC Yields in Europe: MiCA Isn’t Helping
It is crucial to note that there are no immediate risks in holding the USDT stablecoin arising from the current situation. USDT holders can keep their assets in their portfolios unless the crypto exchange decides to delist the cryptocurrency. Under such circumstances, the exchange will convert the USDT balance to a regulated stablecoin like the USDC and maintain a seamless operation.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind.
Source: coinedition.com
