Tether to launch stablecoin pegged to UAE's dirham

[myself]

There seems to be progress in different directions for crypto in the UAE. It’s unfortunate that local banks still want to stay behind

https://www.reuters.com/technology/tether-provide-stablecoin-pegged-uaes-dirham-2024-08-21/

 

[diro]

Good news, it keeps that coin alive

 

[diatessaron]

I wouldn't call this progress. USDT is pretty much useless in the EU.

 

[JohnnyDoe]

It means they are launching a AEDT.
Stay away from Tether and anything connected with their 3-letters-gov-agencies-masters controlled Deltec bank.

 

[cryptotree]

I wouldn't call this progress. USDT is pretty much useless in the EU.

You wil be suprised how many people rely on this in the EU

 

[diatessaron]

You wil be suprised how many people rely on this in the EU

Not really. Who cares what people rely on after all? Not the EU and MiCA and the fact that multiple exchanges have already delisted USDT for EU users.

 

[toums]

Not really. Who cares what people rely on after all? Not the EU and MiCA and the fact that multiple exchanges have already delisted USDT for EU users.

Hmm not really true.. You can still use USDT like on Binance, Kraken or Kucoin for example (EU residents)

You cannot join anymore the 'earn/interest' program on Binance for USDT, but it's still working perfectly on Kraken. You still get 5.75% without WHT. Same if you stak there USD fiat (for EU residents too).

 

[diatessaron]

Hmm not really true.. You can still use USDT like on Binance, Kraken or Kucoin for example (EU residents)

You cannot join anymore the 'earn/interest' program on Binance for USDT, but it's still working perfectly on Kraken. You still get 5.75% without WHT. Same if you stak there USD fiat (for EU residents too).

What do you mean by "Hmm not really true"? I said multiple exchanges have delisted it, not all of them. Kraken and the rest of them are the next ones in line and they'll do so right before MiCA goes online.

 

[toums]

What do you mean by "Hmm not really true"? I said multiple exchanges have delisted it, not all of them. Kraken and the rest of them are the next ones in line and they'll do so right before MiCA goes online.

Not really true because i am still EU resident, and I don't have any problem with USDT to deposit-withdrawal, trades, and even using earn/interest programs with USDT with kraken. Except earn programs, all the other features working the same with Binance and Kucoin too.

 

[diatessaron]

Not really true because i am still EU resident, and I don't have any problem with USDT to deposit-withdrawal, trades, and even using earn/interest programs with USDT with kraken. Except earn programs, all the other features working the same with Binance and Kucoin too.

You're not reading my posts, you're just not, there's no other explantion.

 

[toums]

You're not reading my posts, you're just not, there's no other explantion.

I read your post, you said most of CEX removed USDT and EU users cannot used it anymore. Actually both informations are not true. except if you dont consider Binance and Kraken as 'main' exchanges.