ESMA Orders EU Platforms to Drop USDT and Other Non-MiCA Stablecoins
- —ESMA requires EU platforms to phase out non-MiCA stablecoins within three months
- —USDT must be removed from European platforms by January 2027
- —The move aims to enforce MiCA compliance and consumer protection
- —The phase-out could reduce liquidity for non-compliant stablecoins in the EU
Why it matters: USDT is the world's largest stablecoin; its removal from EU venues could reshape liquidity and accelerate a shift toward USDC and other MiCA-compliant assets.
Source: Coinfomania