ESMA remains silent on whether USDT complies with MiCA regulations

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Cointime2024/10/10 13:22

By:Cointime

Coinbase is preparing to delist non-compliant stablecoins in Europe by the end of 2024, but the status of the world's largest stablecoin, Tether's USDt, remains unclear. Although Coinbase has not officially announced whether the upcoming restrictions will affect USDT, some reports and community discussions indicate that Tether may face challenges under new regulations. As of early October, the regulatory status of USDT in Europe is still uncertain. The European Securities and Markets Authority (ESMA) is the EU's financial market regulatory agency and one of the main supervisors of MiCA compliance, but so far, the agency has chosen to remain silent on the regulatory status of Tether. (Cointelegraph)

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