Cryptocurrency alternate Crypto.com is among the many first platforms to announce the delisting of Tether’s USDt and 9 different tokens in Europe following the implementation of the Markets in Crypto-Belongings Regulation (MiCA) framework.
Crypto.com will droop purchases of Tether USDt (USDT) together with 9 different tokens in keeping with Europe’s MiCA rules on Jan. 31, a spokesperson for the alternate confirmed to Cointelegraph on Jan. 29.
After disabling deposits, the alternate will proceed to assist withdrawals for the affected tokens till the top of the primary quarter of 2025, with full delisting scheduled for March 31.
“Customers holding these tokens can have till the top of Q1, thirty first of March, to transform them to MiCA-compliant property, in any other case they are going to be routinely transformed to a compliant stablecoin or asset of corresponding market worth,” Crypto.com’s consultant stated.
Wrapped Bitcoin and Dai amongst affected tokens
Crypto.com’s MiCA-related delistings will have an effect on a complete of 10 cryptocurrencies, in line with social media experiences citing an electronic mail discover from the alternate from Jan. 28.
Aside from USDT, Crypto.com may even delist Wrapped Bitcoin (WBTC), Dai (DAI), Pax greenback (PAX), Pax gold (PAXG), PayPal USD (PYUSD), Crypto.com Staked ETH (CDCETH), Crypto.com Staked SOL (CDCSOL), Liquid CRO (LCRO) and XSGD (XSGD).
Crypto.com will droop purchases of 10 tokens in compliance with MiCA on Jan. 31. Supply: WazzCrypto
The delistings come in keeping with a latest assertion from the European Securities and Markets Authority (ESMA), which pushed European crypto asset service suppliers (CASP) to restrict non-MiCA-compliant stablecoins on Jan. 31.
Extra USDT delistings coming
USDT delistings within the European Union have been a scorching topic within the crypto neighborhood since Coinbase announced USDT delisting as a noncompliant stablecoin below MiCA in October 2024.
After delisting the stablecoin in mid-December 2025, Coinbase Europe provided its shoppers conversion of USDT into MiCA-compliant choices, together with Circle’s USD Coin (USDC).
As MiCA rules entered into full drive on Dec. 30, many CASPs in the EU continued trading USDT after Coinbase’s delisting.
Since full MiCA enforcement, a number of CASPs in Europe have obtained MiCA licenses, whereas others, together with Crypto.com, have been actively working to secure one in Malta.
Juan Ignacio Ibañez, a member of the Technical Committee of the MiCA Crypto Alliance, was appropriate in decoding the ESMA’s assertion that urged EU CASPs on Jan. 17 to limit non-MiCA-compliant tokens.
“No hint of USDT ought to stay, not even in ‘sell-only’ mode,” by March 31, Ibañez stated.
High 5 stablecoins by market capitalization as of Jan. 29, 2025. Supply: CoinGecko
USDT is the most important stablecoin in the marketplace, with a market capitalization of $139 billion on the time of writing, according to CoinGecko. Its largest competitor, USDC, was greenlighted as a MiCA-compliant stablecoin in July 2024. The USDC market cap presently amounts to $52 billion.
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