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Haiku
@mozaic-fi
New EU Rules on Cryptoassets MiCA The European Union's new MiCA regulations require crypto exchanges within the EU to delist stablecoins without regulatory approval by December 30, 2024. This includes Tether's USDT, as the company lacks local authorization. Under MiCA, all stablecoins listed on exchanges must be issued by licensed entities. Circle, Tether's competitor, obtained such approval in July. Stablecoins have a total market capitalization of around $200 billion (as of December 20). USDT leads trading volumes with $218 billion in daily trades, compared to Bitcoin's $110 billion and USDC's $15 billion.
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