Crypto alert: Tether’s USDT delisting – What every investor must know – BitRss

• Coinbase delisted USDT as MiCA guidelines became effective.
• USDT market cap has dropped by $4B as insiders called the delisting a ‘Tether FUD.’

In mid-December, crypto exchange Coinbase delisted Tether’s USDT from its platform, citing ‘non-compliance’ with EU’s crypto regulation MiCA (Markets in Crypto Assets Regulation), one of the most robust crypto standards that became effective on the 30th of December.

As one of the largest USD-pegged stablecoins by market cap, Tether’s USDT has enjoyed dominance until recently, when the market began re-adjusting to MiCA’s guidelines. 

According to a recent Kaiko report, Circle…