Crypto.com removing Tether for EU users as MiCA rules take effect
Users have until 31 March to convert these assets to MiCA-compliant alternatives, or they will be automatically converted to a stablecoin or similar value asset.
Crypto.com will stop supporting Tether’s USDT for European users by 31 January, aligning with the EU’s Markets in Crypto-Assets (MiCA) regulations. The exchange recently secured a MiCA licence in Malta, allowing it to operate across the region, but compliance rules require removing certain non-compliant assets. Alongside Tether, Crypto.com will also delist Dai, Wrapped Bitcoin, Pax Gold, Pax Dollar, and its derivative tokens.
Users have until 31 March to convert these assets to MiCA-compliant alternatives. If not, they will be automatically switched to a stablecoin or asset of similar value. A Crypto.com spokesperson confirmed the decision only applies to EU customers and urged them to take action before the deadline.
This move makes Crypto.com the second major exchange to remove USDT in Europe, following Coinbase’s delisting last year due to MiCA’s stricter stablecoin rules. While Tether has taken steps to align with the new regulations, the future of its $138 billion stablecoin within the EU remains uncertain.
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