Tether Removal Puts Europe at Risk of Missing Trump Crypto Boom
- Crypto exchanges in EU must delist Tether’s USDT by Dec. 30
- Executives are concerned that removing USDT will sap liquidity
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European Union cryptoasset regulations set to take full force at year-end are already reshaping the market for a key type of digital token, potentially weakening the bloc’s appeal to investors just as crypto convert Donald Trump gets ready to take office in the US.
Several crypto exchanges operating in the EU have already delisted the dominant stablecoin, Tether Holdings Ltd.’s USDT, to comply with the Markets in Cryptoassets regime. That’s rippling through the market for such instruments, with new issuers seeking to fill the void and investors defaulting to using the euro for trading in and out of cryptocurrencies.