随着 MiCA 法规的临近，Tether 的 USDT 稳定币在欧洲面临不确定的未来

欧盟即将出台的加密货币法规引发了 Tether USDT 稳定币合规性的不确定性。

Coinbase, a major U.S. crypto exchange, quietly delisted Tether’s USDT stablecoin in mid-December, in an apparent move to adhere to the European Union’s new Markets in Crypto-Assets Regulation (MICA).

美国主要加密货币交易所 Coinbase 在 12 月中旬悄然下架了 Tether 的 USDT 稳定币，此举显然是为了遵守欧盟新的加密资产市场监管 (MICA)。

However, the stablecoin continues to trade on several European platforms, as many await further guidance from EU regulators on USDT’s MICA compliance.

然而，该稳定币继续在多个欧洲平台上进行交易，因为许多平台正在等待欧盟监管机构就 USDT 的 MICA 合规性提供进一步指导。

No explicit statements from EU regulators have declared USDT non-compliant, but the absence of clear guidance leaves room for interpretation.

欧盟监管机构没有明确声明宣布 USDT 不合规，但缺乏明确的指导意见留下了解释的空间。

"Exchanges like Binance and Crypto.com have no immediate reason to follow Coinbase’s lead in the case of USDT, at least from a MICA perspective,” said Juan Ignacio Ibáñez, policy lead at the MiCA Crypto Alliance, a crypto industry association, in a statement shared with Blockworks.

加密行业协会 MiCA 加密联盟的政策负责人 Juan Ignacio Ibáñez 表示：“在 USDT 方面，像 Binance 和 Crypto.com 这样的交易所没有直接理由追随 Coinbase 在 USDT 方面的领先地位，至少从 MICA 的角度来看是这样。”与 Blockworks 共享的声明。

"Coinbase’s decision is likely a cautionary measure against potential regulatory uncertainties in the US, which are separate from MICA."

“Coinbase 的决定可能是针对美国潜在监管不确定性的一项谨慎措施，这些不确定性与 MICA 是分开的。”

With MICA set to be fully enforced by December 30, 2024, the possibility of USDT delistings looms.

随着 MICA 将于 2024 年 12 月 30 日全面执行，USDT 下架的可能性迫在眉睫。

"We should be closely observing how the exchanges approach the approaching MICA enforcement date — whether they take immediate action or choose a progressive strategy, perhaps holding out for official statements from EU regulators,” Ibáñez added.

伊巴涅斯补充道：“我们应该密切关注交易所如何应对即将到来的 MICA 实施日期——他们是立即采取行动还是选择渐进策略，也许会等待欧盟监管机构的正式声明。”

"A ‘wait-and-see’ approach incurs significant regulatory risks under MICA."

“根据 MICA，‘观望’做法会带来重大监管风险。”

Some media outlets have reported that European exchanges must delist USDT by the regulatory deadline, but EU authorities have not mandated such action, according to a previous Blockworks report.

根据 Blockworks 之前的一份报告，一些媒体报道称，欧洲交易所必须在监管截止日期前将 USDT 下架，但欧盟当局并未强制要求采取此类行动。

The European Securities and Markets Authority (ESMA), which is overseeing MICA compliance, has not clarified USDT’s status, stating that it is liaising with market participants to resolve issues related to stablecoins.

负责监督 MICA 合规性的欧洲证券和市场管理局 (ESMA) 尚未澄清 USDT 的状况，并表示正在与市场参与者联络以解决与稳定币相关的问题。

As of December 27, trading of USDT persists across various European crypto exchanges, including Binance EU and Crypto.com, though these platforms have not revealed any plans regarding potential delisting.

截至 12 月 27 日，USDT 交易仍在多个欧洲加密货币交易所持续进行，包括 Binance EU 和 Crypto.com，尽管这些平台尚未透露任何有关潜在下架的计划。

MICA’s implementation timeline also includes a transitional phase that extends to July 2026, during which entities currently providing crypto services under national laws may continue operations.

MICA 的实施时间表还包括一个延长至 2026 年 7 月的过渡阶段，在此期间，目前根据国家法律提供加密服务的实体可以继续运营。

This is due to transitional measures such as grandfathering clauses, which allow businesses to function under existing regulations until their MICA authorization is granted or refused, Blockworks previously reported.

据 Blockworks 此前报道，这是由于诸如祖父条款等过渡性措施所致，这些措施允许企业在现有法规下运作，直到其 MICA 授权被授予或拒绝。

This provision aims to ensure continuity for service providers but also results in differing levels of consumer protection throughout the EU.

该规定旨在确保服务提供商的连续性，但也导致整个欧盟的消费者保护水平不同。