Crypto.com will remove USDT and nine other tokens in Europe by Jan. 31, with full delisting set for March 31.
Crypto.com Delists USDT Under MiCA Rules
Crypto.com announced it will delist Tether (USDT) and nine other tokens in Europe to comply with the Markets in Crypto-Assets Regulation (MiCA). The exchange will stop purchases of these assets on Jan. 31.
Users Have Until March 31 to Convert Assets
Users holding affected tokens can convert them to MiCA-compliant assets until March 31, after which they will be automatically exchanged for a compliant stablecoin or asset of equal market value.
Another one, this time @cryptocom delisting $USDT, $WBTC and others in Europe @justinsuntron @paoloardoino pls fix
Tokens Affected by the Delisting
Alongside USDT, the delisting impacts Wrapped Bitcoin (WBTC), Dai (DAI), Pax Dollar (PAX), Pax Gold (PAXG), PayPal USD (PYUSD), Crypto.com Staked ETH (CDCETH), Crypto.com Staked SOL (CDCSOL), Liquid CRO (LCRO), and XSGD (XSGD).
Regulatory Pressure From ESMA
The move follows pressure from the European Securities and Markets Authority (ESMA), which called on crypto service providers to restrict non-MiCA-compliant stablecoins by Jan. 31.
USDT Delistings Gain Momentum in Europe
USDT delistings have been a growing trend in the EU since Coinbase removed the stablecoin in late 2024. With MiCA fully in effect since Dec. 30, more exchanges are expected to follow suit.
MiCA-Compliant Stablecoins on the Rise
While USDT faces removal, Circle’s USDC remains a MiCA-compliant option, solidifying its presence in the European market. Currently, USDT holds a $139 billion market cap, while USDC stands at $52 billion.
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