The European Union has set to put stricter regulations on cryptocurrency in the coming 2025. This cause for concern has left many users to wonder whether or not exchanges are still interested in doing business in their region. With the majority of the regulations to affect Tether, the issuer of USDT stablecoin, many speculate whether or not their USDT will be worth zero in the near future.

Are exchanges delisting USDT?

USDT remains the number one choice of stablecoin for the majority of cryptocurrency users, as Tether is consistently at the top of revenue generation across all of crypto-related protocol. To add, Tether earned $6.2 billion in 2023, outpacing BlackRock. This has prompted the European Union to push the Markets in Crypto-Assets Regulation, citing Tether’s USDT as non-compliant.

This has prompted Coinbase to delist USDT in the European markets for compliance while Binance and Crypto.com are yet to make a decision. This change only impacts European users and does not affect users outside of Europe, making USDT safe to hold.

What crypto exchange is safe to use in Europe?

While there are multiple exchanges available for European users to use, there’s one exchange making hasty moves to become MiCA compliant. Bitget exchange, one of the world’s leading crypto exchanges, continues to strive to become a compliant and reliable exchange to be available to all users.

Recently in November, Bitget officially entered the UK as a licensed crypto exchange for UK users. According to Gracy Chen, CEO of Bitget: "At Bitget, compliance is the core of our expansion strategy. The entrance into the UK market under the regime allows us to bring users a wide variety of digital assets within the everchanging crypto landscape. This launch is a step towards establishing Bitget as a long-term, compliant partner in diverse markets, providing investors with a platform to explore digital assets”.

This recent breakthrough is a testament to Bitget’s commitment to compliance. While Bitget itself is an exchange based outside of the EU in the Seychelles and not subject to MiCA directly, they look to become MiCA compliant in order to tap the European market.

Whether or not Tether is able to sustain this blow against USDT, it is important to exercise caution and continuously diversify your assets to protect yourself. There are different stablecoins that are compliant with MiCA, such as Circle’s USDC. Additionally, users must do appropriate research before selecting the right exchange to become a custodian to their assets, ensuring that they are compliant to government regulations.