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**Crypto.com Delists USDT and Other Tokens to Comply with MiCA**
In a recent move, Crypto.com has decided to delist Tether (USDT), among other tokens, in order to comply with the European Union’s Markets in Crypto Assets (MiCA) regulations. This development comes as a surprise to many in the crypto space, especially considering the significant presence of USDT on the platform.
According to recent data, USDC has been gaining popularity rapidly, with its market capitalization surpassing $3 billion. Meanwhile, Tether’s market cap has decreased by approximately 20% since the beginning of January.
In an effort to boost USDC usage and increase its presence in the traditional financial market, Circle has launched several initiatives.
In related news, Indian cryptocurrency platform WazirX has frozen $3 million to aid in the recovery process following a massive hack that compromised $230 million worth of funds.
Stay tuned for further updates on this story as it develops!
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Sources:
Source: cryptoslate.com
