Tether disappointed by USDT delisting in Europe due to MiCA regulations
Tether criticizes EU’s MiCA regulations as USDT faces widespread delisting.
Tether has expressed disappointment over the European Union’s Markets in Crypto-Assets (MiCA) framework, which is leading to widespread delistings of non-compliant stablecoins, including its flagship USDt (USDT).
Crypto.com confirmed on January 29 that it will begin delisting USDT and nine other tokens on January 31 to comply with MiCA regulations. The move follows similar actions by Coinbase, which removed USDT in December 2024 and has since delisted a total of eight tokens, reports Cointelegraph.
A Tether spokesperson criticized the decision, stating:
“It is disappointing to see the rushed actions brought on by statements which do little to clarify the basis for such moves.”
Concerns Over Market Stability and Consumer Risks
Tether has warned that the MiCA-induced delistings could lead to a “disorderly” crypto market in Europe, particularly as MiCA is still in the early stages of implementation.
“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,” the Tether representative stated.
Other affected tokens include Wrapped Bitcoin (WBTC), Dai (DAI), Pax Dollar (PAX), and PayPal USD (PYUSD).
Under MiCA regulations, crypto exchanges operating in the EU must restrict trading of non-compliant stablecoins by the end of January, with a full ban set for March 31, 2025.
Tether’s European Strategy and Market Adaptation
Despite concerns, Tether acknowledged that MiCA is a step forward for structured regulation, but reiterated that the framework presents challenges for stablecoins operating in the EU.
Tether’s spokesperson highlighted the limited demand for USD stablecoins in Europe, stating:
“The USD stablecoin market is almost negligible in Europe.”
At the same time, the company remains committed to compliance, announcing new MiCA-aligned projects such as Hadron and Quantor.
As regulatory scrutiny increases, the future of stablecoins in the European market remains uncertain, with investors and exchanges closely watching the next steps in MiCA’s implementation.
Recently we wrote, that Crypto.com has announced the delisting of Tether’s USDT and nine other cryptocurrencies in Europe as it moves to comply with the Markets in Crypto-Assets Regulation (MiCA) framework.
