Original sourceBlockchain SphereAdditional: FBMK coinsnews
Summary
Revolut announces it will stop accepting new USDT deposits from July 30, with users required to transfer or convert USDT by the end of August. The move responds to MiCA's authorization requirements for stablecoin issuers and platforms, making USDC and EURC the compliant choices. Other platforms hav…
Key points
- Grasp the actual impact of MiCA on stablecoin circulation and the pace of USDT's withdrawal in Europe.
- USDT's usability in Europe will shrink significantly; users must adjust holdings and payment methods promptly.
- European users should convert USDT to USDC or EURC; businesses need to update payment flows to comply with MiCA.
- Similar to Binance's 2024 delisting of privacy coins in Europe, but with a larger scale affecting the largest stablecoin by market cap.
Editorial note
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