Europe Is Removing USDT, but Global Demand Keeps Growing
By Lidia Yadlos
Europe is closing the door on Tether's USDT. Global adoption keeps moving in the opposite direction.
As the European Union's Markets in Crypto-Assets (MiCA) rules take full effect, regulated platforms continue removing the world's largest stablecoin from their offerings. Revolut has become the latest to announce it will delist USDT for European users after Aug. 31, joining a growing list of exchanges complying with the new framework.
Outside Europe, however, there is little evidence that demand has slowed. On-chain data analyzed by Artemis Analytics and highlighted by Cointelegraph shows USDT usage continuing to grow across major blockchain networks, particularly in emerging markets where stablecoins are increasingly used for payments, remittances and everyday financial services rather than simply crypto trading.
MiCA Is Reshaping Europe, Not Global Demand
MiCA's stablecoin rules now require regulated crypto platforms operating in the European Union to prioritize compliant issuers. That has led exchanges to expand support for alternatives such as USDC and euro-backed stablecoins while gradually removing USDT from trading services.
According to Artemis Analytics, however, the regulation has had almost no measurable effect on Tether's global usage.
Europe's Stablecoin Future May Look Different
MiCA is unquestionably changing Europe's crypto landscape. Institutional interest in euro-denominated stablecoins is increasing, while regulated exchanges are shifting toward compliant dollar-backed alternatives such as USDC and EURC.
But Europe's regulatory framework represents only one part of a much larger global market. Nearly 99.5% of all stablecoins in circulation remain denominated in U.S. dollars, reflecting the dollar's continued role as the world's preferred settlement currency both on-chain and in traditional finance.
Published on Tether