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🐋 WHALE WATCH: Revolut is delisting USDT for its 50 million European users. The deadline is August 31. After that remaining holdings convert to fiat automatically.
MiCA compliance is the filter and USDT doesnt pass it. USDC does. Circle is cornering the EU stablecoin market by default not by outcompeting Tether on product.
Tether keeps its global dominance. In Europe, the regulatory floor just cut it out.