Tether has raised concerns over new cryptocurrency regulations in the European Union, noting that the delisting of USDT could create market instability.
Regulatory Crisis and Tether's Response
Crypto.com announced on January 29 that it will begin removing USDT and nine other tokens from its European platform starting January 31, following Coinbase’s similar decision in December 2024. A Tether spokesperson critiqued this as rushed and unclear.
Impact of MiCA on the Market
Tether warned that MiCA-triggered changes might lead to an unstable market and increased risks for European crypto users. The company emphasized that the regulation affects many tokens and abrupt delistings could disrupt trading activity.
Tether's Plans in the MiCA Context
Despite its concerns, Tether welcomed the EU's effort to establish structured regulation. The company plans to introduce MiCA-compliant initiatives like Hadron and Quantor. Tether also plans to relocate its headquarters to El Salvador.
Tether continues to adapt to changes in the European Union, aiming to comply with new regulations while supporting innovation and financial freedom.
