The European Union has mandated the delisting of Tether ($USDT) from exchanges by December 30, 2024, unless it complies with the Markets in Crypto-Assets (MiCA) regulations, which require transparency and regular audits. This decision could disrupt liquidity in EU crypto markets and set a global precedent for stablecoin regulations, potentially leading to increased scrutiny for issuers worldwide. The absence of $USDT may force exchanges to rely on alternatives like USD Coin ($USDC) or Dai ($DAI), which must also meet MiCA standards, risking market instability.
