ESMA remains silent on whether USDT complies with MiCA regulations

Coinbase is preparing to delist non-compliant stablecoins in Europe by the end of 2024, but the status of Tether's USDT, the world's largest stablecoin, remains unclear. While Coinbase has not officially announced whether the upcoming restrictions will affect USDT, some reports and community discussions indicate that Tether may face challenges under the new regulations. As of early October, the regulatory status of USDT in Europe remains uncertain. The European Securities and Markets Authority (ESMA), the EU's financial market regulator and one of the main overseers of MiCA compliance, has so far chosen to remain silent on Tether's regulatory status. (Cointelegraph)