Post
Topic
Board Trading Discussion
Re: USDT TO BE BANNED IN THE EU BY DECEMBER 30!
by
sokani
on 30/12/2024, 10:11:34 UTC
Is this information really true? Does anyone have more credible sources? I can't find this information on Cointelegraph and Coindesk. Binance also launched CGPT/USDT perpetual contracts a few days ago. On Binance square, anyone can post whatever they want.
This is very urgent because if this is fake news, then the news author is degenerate but if this is real, every USDT holder can be in trouble. I trade with USDT on exchanges because every pair has a USDT pair and futures trading is only possible with USDT. I sold all of my coins a few days ago and now I hold USDT, I'm in a panic mode but I see that people are calm, USDT hasn't lost its value on the USDT/USD pair.
The news is very true and Coinbase has already delisted USDT on the 13th of DEC according to this report from cointelegraph.

https://cointelegraph.com/news/coinbase-delisting-tether-usdt-stablecoin-europe

USDT is still being traded on Binance and other top exchanges and I believe they're waiting for the deadline to elapse before taking any step. So, if you're living in EU region and you've USDT, it would be wise to swap it to USDC, DAI, RLUSD or other coins to be on a safe side.