USDT Getting Delisted on EU Exchanges – Should You Worry?

Recently, there's been news about Tether (USDT) getting delisted from some European exchanges, I was ignoring the news as it wasn't really a big concern

Tether (USDT) is reportedly getting delisted from some European exchanges. But should you be worried if you're holding crypto purchased with USDT? Let's break it down.

According to recent news, the world’s largest stablecoin by market capitalization, Tether (USDT), is getting quietly delisted from some European cryptocurrency exchanges. While some might find this concerning, especially if they're based in the EU, let's take a closer look at the situation and see if it really warrants any attention.

To begin with, it's important to note that a majority of the cryptocurrency exchanges in the European Union have already ceased operating within the region. This is largely due to the stringent regulations and rigorous licensing requirements imposed by various EU regulators. As a result, many exchanges have found it challenging to continue serving traders in the EU.

With the majority of the exchanges already packing up and leaving the European market, the delisting of USDT from these platforms doesn't seem to be having much of an impact. This is because many traders in the EU were already facing limited access to cryptocurrency exchanges or were forced to use smaller, local platforms.

Now, let's address the key concern: if you're holding crypto that was purchased using USDT, should you be worried? The answer is a resounding no. The value of your crypto holdings is directly linked to the coins or tokens that you've purchased, not the method that was used to acquire them.

Whether you used USDT, BTC, or even fiat currency to purchase your crypto assets, their value remains safely stored in your hardware wallet, software wallet, or on the platform where you're keeping them. The delisting of USDT from European exchanges does not affect the holdings in your crypto wallet.

Finally, it's worth mentioning that despite the delistings in the EU, USDT still enjoys massive global support. The stablecoin remains a primary choice for a majority of the world's largest cryptocurrency exchanges and platforms, catering to traders outside the European market. With a market capitalization of around $138 billion, USDT is here to stay, at least for now.