Uncertainty surrounds Tether's USDT stablecoin as the deadline for complying with the European Union's MiCA (Markets in Crypto-Assets) regulations approaches on Dec. 30. The stablecoin could face removal from European exchanges if it fails to comply with MiCA, which aims to standardize EU market rules for crypto-assets. In the past year, USDT has accounted for nearly 68% of global stablecoin trading volume and currently has a market capitalization of around $140 billion, according to DefiLlama . The uncertainty surrounding USDT’s future in Europe highlights the broader challenges facing the cryptocurrency industry as regulations evolve. A potential delisting of USDT could disrupt liquidity, making it harder for users who rely on the stablecoin for transactions to operate effectively. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
