Tether and Binance’s BUSD have both withdrawn from EU markets as they opted not to pursue MiCA registration, leaving them absent from the list of approved stablecoin issuers

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In fact, three of the largest stablecoin issuers have all faced significant challenges. Tether (USDT) failed to gain MiCA approval and subsequently had its token delisted from multiple EU-based crypto platforms. Binance’s stablecoin, BUSD, was also delisted from EU platforms as it failed to meet MiCA’s reserve backing requirements and due to non-compliance.