Tether’s Exit Leaves Liquidity Gap in European Cryptocurrency Market

The recent implementation of the EU’s MiCA regulations has significantly reshaped the cryptocurrency market, with a notable departure of Tether’s USDT stablecoin from European exchanges. This withdrawal has led to a substantial liquidity gap estimated at around $150 billion. Ripple’s RLUSD stablecoin is emerging as a potential solution in this situation, particularly due to its full MiCA compliance and ability to meet EU regulatory requirements. Bitstamp, a prominent European exchange, has started listing RLUSD on their platform, potentially filling the void left by Tether’s withdrawal.