Crypto
Home›Crypto›Regulation›MiCA rules push USDT off EU platforms, but global dema…
MiCA rules push USDT off EU platforms, but global demand stays steady
Tether remains resilient even after MiCA’s stablecoin transition period ended July 1, with Artemis Analytics finding no major shift in USDT activity.
Cointelegraph reports that EU Markets in Crypto-Assets, or MiCA, stablecoin rules have been phasing in since 2024, and the EU-wide transition period ended July 1. In that environment, regulated European platforms including Revolut have moved to restrict access to USDT, with Revolut telling users it would delist the token after Aug. 31.
Despite the squeeze in a major regulated market, Cointelegraph says data provider Artemis Analytics sees little evidence that USDT demand is weakening globally. Research and data executive Alex Weseley said US dollar stablecoins are being used beyond trading and saving, including use cases tied to payments and cross-border transfers.
He pointed to Argentina as an example where stablecoin activity continues to grow even as access to actual US dollars has faced fewer restrictions. Cointelegraph notes that Lemon processed $9.3 billion in total volume in 2025, up from the prior year, with transactional users rising 70% to nearly 1.8 million and stablecoin volume increasing 45% year-on-year.
Weseley added that stablecoin demand is increasingly driven by payments, cross-border transfers, and global financial services, which can make usage harder to track using only simple trading or savings metrics. Cointelegraph also cited a workflow where Argentine users can pay using PIX in pesos, receive overseas dollars or euros as USDC, and move between bank dollars and digital dollar balances.