Analyst Warns of USDT Delisting in Europe and Growing Regulatory Pressure on Stablecoins
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Veteran cryptocurrency analyst, il Capo of Crypto, has shared his latest insights on the evolving crypto landscape, highlighting significant developments in stablecoin trading regulations within Europe.
In his recent update, il Capo warned of an impending delisting of several stablecoins, including Tether (USDT), by cryptocurrency exchange Kraken in the European Economic Area.
This change stems from the implementation of the European Union’s MiCA regulations, which mandates that certain stablecoins, such as EURT, PYUSD, UST, and TUSD, will no longer be available for trading after February 27. From March 31 onwards, any remaining stablecoin holdings will automatically convert to USDC.
While this shift is currently confined to Europe, the analyst suggests that global pressure on stablecoins could intensify in 2025. Il Capo also indicated that Tether, in particular, may face additional challenges as regulatory scrutiny heightens.
Despite this, he considers USDC to be a safer option but has no intentions of holding any stablecoins throughout this year, advising traders to stay vigilant against potential market disruptions.
Additionally, il Capo pointed out a few altcoins that show promise in the short term, including NEAR, DOGE, and ALGO, which have been showing bullish chart patterns recently.
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