Europe’s crackdown on Tether’s USDT is entering a new phase.
When Revolut told European users it would delist USDT after Aug. 31, it became another in a long line of European platforms restricting access to the world’s largest stablecoin as firms adapt to the requirements of the EU’s Markets in Crypto-Assets (MiCA) regulation.
MiCA’s stablecoin rules have been phasing in since 2024, and the EU-wide transition period ended on July 1, putting further pressure on platforms to drop tokens that don’t meet the rules.
Yet according to Artemis Analytics, Tether being squeezed out of a major market has shown little sign of triggering a major shift in USDT activity. Alex Weseley, research and data, tells Magazine:
“The data does not indicate any noticeable change in USDT supply or demand attributable directly to MiCA coming into effect in Europe… MiCA didn’t trigger a major venue or chain migration.”
So why is demand for Tether…
