The digital currency market scene in Europe is rapidly changing, and Tether (USDT) is facing serious issues. Crypto.com announced removing Tether from its platform starting January 31, 2025, due to strict new regulations by the European Union on digital assets. The future of the $138 billion USDT in the EU is uncertain, leading to possible removal in other regions as well. USDT is required to comply with new regulations, which it has failed to do so far, resulting in some exchanges deciding to delist it. This could disrupt the market significantly as USDT is a vital trading tool for quick conversion of digital currencies to fiat, and its removal could slow down transactions, increase market volatility, and pose higher risks for traders. USDC, being more transparent and compliant with regulations, could potentially replace USDT in Europe.
