Tether stated that these efforts reaffirm its focus on regulatory compliance while continuing to innovate. However, the firm is also focused on ensuring that $USDT remains an important financial tool for global users despite shifting market conditions in Europe.
$USDT delisting in Europe
Tether’s statement comes amid growing concerns over the rapid removal of $USDT from European exchanges due to MiCA regulations.
Crypto.com recently announced that it would delist $USDT and nine other non-compliant tokens by Jan. 31. This follows Coinbase’s decision to remove $USDT from its European platform last year.
Tether criticized the pace of these actions, arguing that they lack proper justification and could disrupt the market. It pointed out that multiple tokens—not just $USDT—are affected, making the situation more complex than it appears.
It wrote:
“It is disappointing to see the rushed actions brought on by statements which do little to clarify the basis for such moves. These changes affect many tokens in the EU market, not only USDt, and we fear that such actions will lead to further risk being placed on consumers in the EU, creating a ‘disorderly’ market.”
Tether also raised concerns that these regulatory changes could introduce new consumer risks by creating market instability. With MiCA still in its early implementation phase, the company warned that premature actions could lead to unintended consequences.
Tether stated:
“As we have consistently expressed, some aspects of MiCA make the operation of EU-licensed stablecoins more complex and potentially introduce new risks.”
The company also highlighted the unique nature of Europe’s stablecoin market, where demand for USD-backed assets remains relatively low compared to other regions.
cryptoslate.com
