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- 🎉 [Gate 30 Million Milestone] Share Your Gate Moment & Win Exclusive Gifts!
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Global Cryptocurrency Exchange to Delist 10 Altcoins, Including Tether's USDT - Coin Bulletin
Crypto.com, the cryptocurrency exchange, has announced that it will delist USDT and 9 tokens in accordance with the European Markets and Crypto-Assets Regulation (MiCA) framework.
This decision will take effect as of January 31, with the suspension of the purchase of USDT and other related assets.
Crypto.com officials stated that withdrawal transactions of these tokens will be supported until the end of the first quarter of 2025, but they will be completely delisted on March 31, 2025. Users who do not convert their assets to MiCA-compliant digital assets by this date will be automatically converted to compliant stablecoins or assets with equivalent market value.
(# Delisted Tokens: USDT, WBTC and More
Crypto.com's delist list includes Tether )USDT###, 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).
The MiCA regulations have brought strict rules to stablecoin issuers in Europe, while causing legal compliance risks for major stablecoins such as USDT. Following Crypto.com's decision, it is predicted that other major exchanges may take similar steps.