MiCA cracks down on USDT in Europe... but no one else cares
Europe’s crackdown on Tether’s USDT is entering a new phase. When Revolut told European users it would delist USDT after Aug.
Why It Matters
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Key Facts
- Fact 1: 31, it became another in a long line of European platforms restricting access to the world’s largest stablecoin as firms adapt to the requirements of the EU’s Markets in Crypto-Assets (MiCA) regulation.
- Fact 2: MiCA’s stablecoin rules have been phasing in since 2024, and the EU-wide transition period ended on July 1, putting further pressure on platforms to drop tokens that don’t meet the rules.
- Fact 3: Lemon, an Argentine crypto and financial services platform, processed $9.3 billion in total volume in 2025, up 60% from the previous year.
- Fact 4: Transactional users grew 70% to nearly 1.8 million and stablecoin volume grew 45% year-on-year.
Europe’s crackdown on Tether’s USDT is entering a new phase. When Revolut told European users it would delist USDT after Aug.
31, it became another in a long line of European platforms restricting access to the world’s largest stablecoin as firms adapt to the requirements of the EU’s Markets in Crypto-Assets (MiCA) regulation. MiCA’s stablecoin rules have been phasing in since 2024, and the EU-wide transition period ended on July 1, putting further pressure on platforms to drop tokens that don’t meet the rules. Yet according to Artemis Analytics, Tether being squeezed out of a major market has shown little sign of triggering a major shift in USDT activity.
(Original synthesis pending human/AI review — generated by the stub provider by selecting real sentences from the source material, not by writing new analysis or commentary.)
Original source: Cointelegraph
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