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NC Wallet News
View allJurisdiction Matters
Move Your USDT to NC Wallet
Exchanges operating within European jurisdiction are forced to remove USDT (Tether) — the most popular stablecoin and a key player in the crypto world — from the list of available assets. You might wonder what this means for you, and what steps USDT holders should consider. Let’s break it down!
What is going on
The EU has made a decision to ask exchanges to delist USDT for European citizens by December 30. According to new regulations, stablecoins traded on centralized exchanges in the EU need to be issued by companies with e-money licence. It’s still a bit unclear whether Tether will be able to meet these tough requirements by the end of the year, leaving European users feeling anxious about the future of their assets.
Jurisdiction does matter
Coinbase Europe has already delisted USDT. So, it's becoming more obvious that it is a good idea to opt for wallets and exchanges operating in more neutral non-EU jurisdictions, as they’re more independent from regulators.
What to do
If you are an NC Wallet user, take a deep breath and relax. Your USDT funds are secure!
If you keep USDT in EU-based exchanges, why not move your stablecoins to NC Wallet? The app is super convenient and operates outside the EU, so you won’t need to worry about European regulations. On top of that, you can send, receive, and exchange crypto at market prices without any extra commissions.
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