After securing a market license at Crypto-assets, Crypto.com will become the second major digital asset exchange to stop trading support for Tether's Stablecoin in Europe.

Crypto.com plans to delete Stablecoin the US dollar (UsdtBy January 31 for European customers due to the compliance of the markets in the encrypted asset regulations, for every email sent to users seen on January 28.

An e -mail also included a removal of a group of other assets, including Dai (Dai), Bitcoin wrapped (WbtcPax Gold, Pax Dollar, and three codes derived from the digital assets managed by Crypto.com. A spokesman said in a statement obtained by Crypto.News that the decision only affected the users of the European Union and advised customers to convert the assets due to the compatible symbols by March.

In line with the organizational requirements of MICA, we will suspend the purchase of assets affected on January 31, 2025. Users who hold these symbols will receive until the end of Q1, March 31, to convert them into assets compatible with mica, otherwise they will automatically convert them to a compatible stablecoin or the origins of market value Interview.

Crypto.com actor

Once effective, Crypto.com Coinbase will be followed as a second major encoding for Usdt in Europe. Coinbase Support is over For Stablecoin late last year, citing non -compliance with the MICA framework.

Crypto.com's decision comes shortly after the company content MICA license in Malta, allowing it to operate services related to encryption through the European Union under the organizational framework.

The future of Tether in the European market has faced uncertainty since MICA provided strict standards for Stablecoins and encryption services throughout the continent.

Despite the challenges, USDT expressed his confidence in his ability to meet MICA requirements. In December, Tether announced investment At the European Company to support its Stableco Euro-PEGGD display.

However, the fate of Tether's $ 138 billion in the European Union is still unclear. You may face platforms like Coinbase more organizational pressure to cross out Usdt in other regions, including the United States, if concerns related to compliance continues. It should be noted that USDT's basic dependence is concentrated in emerging markets outside the United States and Europe.