this is real and confirmed information, I am switching to USDC now
calm down if you are not in EU and exchanges are not under EU laws then nothing will change I assume
I'm not in the EU but won't it liquidate USDT? European countries are rich countries and there are many European customers in the crypto space. I'm afraid I will lose my USD because of USDT. At the moment I bought Bitcoin again and I'm going to hold it for a while.
last year there was so much talk about "thether fud" and now I read that the EU market is too small for anything to happen to Tether, I hope they are right...
a lot of Tether will be moved to USDC, if they want to stay in the EU market they just have to follow the regulations, other stablecoins like USDC are just waiting to take their place, so the market should be more divided between 2 stablecoins USDT and USDC, which is good in my opinion
only in the EU people will use USDC for now, or are there any risks?
Is the EU market small? I always assumed that most Bitcoin users were from the EU because many people who regularly post here are from the EU and the US. I am not a fan of USDT, I was using it because I use Binance and Binance has USDT and FDUSD pairs for most coins. I don't want to hold FDUSD because it's Binance's product and I'm afraid one bad news might ruin it, that's why I was always trading with USDT pairs but now as I said, I bought Bitcoin and I'll hold it. If Binance moves from USDT to USDC pairs on spot and futures trading, I'll start using USDC, I think it's much safer than USDT.