Pepeto Is Working on Taking the Memecoin Sector to a New Level by Launching Its First-Ever Memecoin Exchange Platform

When ultimately launched, this platform will further push #Pepeto and the rest of the meme coins deep into the cryptocurrency market

Bitcoin.com is delisting Tether (USDT) in Europe to comply with the Markets in Crypto-Assets (MiCA) regulations. The exchange is also removing nine other tokens from its platform.

The move comes as part of a wider effort by exchanges to comply with the new regulations, which are designed to protect investors and bring cryptocurrencies under a common regulatory framework in the European Union.

Bitcoin.com announced the delistings in a statement on its website, saying that the changes will take effect on January 31st. The exchange will be halting deposits for the affected tokens shortly after this date, while withdrawals will continue to be available until Q1 of 2025. The full delistings are expected to be completed by March 31st, 2025.

"In line with the recent regulatory developments and to ensure the best service to our valued customers, we are making some adjustments to our token offerings in Europe," the statement reads.

"Specifically, we will be removing the following tokens from our exchange: USDT, WBTC, CDCETH, DAI, PAXG, PYUSD, CDCSOL, PAX, XSGD, and LCRO."

"Transactions of these tokens will continue as usual until January 31st, after which deposits will be paused. Withdrawals will still be available into Q1 of 2025, at which point the tokens will be fully delisted from the exchange (March 31st, 2025)."

The tokens being delisted include some of the largest stablecoins and other popular cryptocurrencies in the market. USDT is the world's leading stablecoin, with a market capitalization of over $68 billion. WBTC is a tokenized version of Bitcoin that runs on the Ethereum blockchain, while DAI is a decentralized stablecoin that is pegged to the U.S. dollar.

Other tokens being delisted include PAXG, which is a gold-backed token, and PYUSD, which is a fiat-pegged stablecoin issued by PayPal.

The move by Bitcoin.com is likely to have a significant impact on the cryptocurrency market in Europe. The exchange is one of the largest in the region, and its decision to delist these tokens will make them much harder to access for European traders.

The delistings are also a blow to the stablecoin industry, which has been under increasing scrutiny from regulators in recent months. Stablecoins are designed to provide a stable store of value, but they have also been used to facilitate illicit activities, such as money laundering and terrorist financing.

In response to these concerns, regulators are working to develop a common set of rules for stablecoins, which are expected to be included in the MiCA regulations. However, the specific details of these rules are still being finalized, and it is unclear how they will impact the stablecoin market in the long term.