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Trader analyzes impact of USDT exit from Europe in 2025
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Tether (USDT), the largest stablecoin in circulation, faces growing concern in the market following the implementation of the Cryptocurrency Markets Regime (MiCA) in the European Union, which requires licensing to be traded on local exchanges.
With a market value of approximately US$118 billion, Tether did not obtain the necessary license, raising doubts about its continuity on exchanges in the region. Experts warn that the lack of transparency and adequate audits are critical factors in the rejection of licensing. Furthermore, they say that a possible bankruptcy of Tether could have devastating consequences for the cryptocurrency sector.
THE Company CEO, in turn, rejects rumors of collapsestating that such strategies are attempts by competitors to generate fear in the market.
In recent days, the cryptocurrency Tether (USDT) has generated some concern in the market. This is because, with the entry into force of the Cryptoasset Markets Regime (MiCA) in the European Union, only stablecoins with an electronic money license will be able to be listed on local exchanges. THE The rule comes into effect on December 30th, the final date for exchanges to remove tokens from unlicensed companies from the lists.
Will Tether go bankrupt?
THE Tether is one of the companies that could suffer from exclusion from local exchanges. After all, Tether did not obtain the licensing of its main cryptocurrency, the USDT stablecoin. Concerns surrounding the company’s future prompted crypto market specialist Symbiote to share an analysis of the situation.)
According to the analyst who has more than 100 thousand followers on X, among the reasons behind the denial of the license by European control bodies are the lack of transparency and uncertainty about the company’s security processes. After all, the company has never undergone a formal audit, despite promises made since 2015.
In 2018, the first company hired to carry out an audit was fired because it was considered “overly rigorous“. In 2021, Tether released an “audit report” in partnership with BDO. However, it cannot be considered an audit, in fact, because BDO only analyzed the documents presented by Tether.
Furthermore, in 2021 the company received a fine from U.S. Commodity Futures Trading Commission (CFTC) after commission investigation reveals $850 million loss. The company also received criticism for keeping commercial papers of unknown origin and quality on its balance sheet, as revealed by the same investigation.
For Symbiote, concerns around Tether began precisely after the reports published by the CFTC. Now come the situation with the company’s difficulty in complying with MiCA rules. As Tether failed to obtain the license, all EU exchanges must delist the stablecoin.
However, according to the trader, Tether has become a “too big to fail” company. Tether’s bankruptcy could trigger a collapse across the entire cryptocurrency sector. This is because the currency is deeply integrated into the operations of many popular exchanges, such as Binance holds 20.39% of its assets in USDT.
Trader analyzes impact of USDT exit from Europe in 2025
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Trader analyzes impact of USDT exit from Europe in 2025
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Trader analyzes impact of USDT exit from Europe in 2025
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Trader analyzes impact of USDT exit from Europe in 2025
