EU’s MiCA regulations trigger Tether (USDT) withdrawal from major European crypto exchanges.
Ripple’s MiCA-compliant RLUSD stablecoin is positioned to fill the void left by USDT in Europe.
MiCA’s impact could boost XRP as RLUSD gains traction on the XRP Ledger and Ethereum.
The European Union’s new MiCA regulations have sent shockwaves through the crypto ecosystem. These rules aim to bring stability to stablecoins, but the fallout has been swift and disruptive. Tether, the issuer of USDT, the most widely used stablecoin globally, has started withdrawing its flagship product from major European crypto exchanges.
This strategic retreat by Tether, driven by what it evidently sees as challenging regulatory hurdles under MiCA, is creating a noticeable vacuum in the continent’s digital asset markets. Observers note that USDT liquidity has begun to tighten on these platforms, leaving traders and protocols scrambling for viable alternatives. In this turbulent environment, Ripple’s RLUSD stablecoin appears to be quietly gaining ground, set to reshape the competitive field.
Hey Jake,
How does Tether not being MiCA compliant and not being compliant with the Ge…
The post XRP Price Set to Gain as Ripple’s RLUSD Taps Mica-Driven EU Market Gap appeared first on Coin Edition.
