BREAKING: Open USD is launching natively on Solana from day one.
A new shared stablecoin, owned and governed by its partners. No mint or redeem fees, no volume caps, and nearly all the reserve economics flow back to the businesses building it.
🚨TETHER’S $186B USDT FACES EU REMOVAL TOMORROW
Tether’s $186B USDT is set to be removed on regulated EU crypto platforms as MiCA rules take effect on July 1.
Coinbase, Kraken, and Crypto .com EU have already restricted $USDT after Tether chose not to seek MiCA approval.
Circle’s $74B USDC could benefit as the only top-10 MiCA-compliant stablecoin.
@Ripple just activated real-time blockchain payments between Thailand and Japan.
Two powerhouse economies with over $5 TRILLION combined GDP and hundreds of billions in annual trade now have faster, cheaper, borderless settlement on XRP.
This is real-world adoption in action.
🇦🇪 DUBAI DRAWS CRYPTO FIRMS AS THE EU MICA DEADLINE ARRIVES
Crypto firms are reportedly looking at the UAE as Europe’s MiCA deadline forces unlicensed companies to stop serving EU clients from July 1.
A Dubai lawyer told CoinDesk her firm is now getting 120+ setup inquiries a week, with roughly half coming from Europe.
🔥 BIG: Open Standard announces Open USD $OUSD, a stablecoin backed by 140+ partners including Visa, Stripe, Mastercard, BlackRock, Google and Coinbase.
BREAKING: Dozens of financial firms including @Visa, @Stripe, @Mastercard, @BlackRock and @Coinbase are launching a new stablecoin called $OUSD, sharing revenue among partners, per Bloomberg.
🇪🇺 UPDATE: Today is the last day before the EU’s MiCA deadline.
244 crypto firms are now authorized across the EEA, with OKX leading at 9 of 10 MiCA services authorized.
Is your go-to exchange MiCA-authorized yet?
🚨🚨🚨EMERGENCY🚨🚨🚨
🇪🇺 OVER 90% OF EUROPE'S CRYPTO INDUSTRY WILL DISAPPEAR BY TOMORROW!
Effective July 1, firms lacking a license will be required to cease providing services to EU users or face enforcement actions.
Binance will CLOSE its operations in Europe!
MiCA is the EU framework for crypto-asset service providers and issuers. Tangem is a self-custody hardware wallet: your private keys stay with you, and Tangem does not hold your assets.
Bases on that, Tangem’s core self-custody wallet is not operated as a MiCA-authorised crypto-asset service. Your ability to use Tangem as a self-custody wallet is not affected by MiCA.
Some third-party services accessible from Tangem, such as exchanges, swaps, staking or on/off-ramps, may change their EU availability, onboarding, KYC, token support or country coverage under MiCA. Those services are provided by external providers under their own terms.
Sad to see EU cutting their users off from the best liquidity in the world. Liquidity is the best consumer protection. Hope to see things change in the future.
Bitcoin will likely bottom BELOW Realized Price (~$53k), just like it did in EVERY previous bear market.
Right now the grey Realized Price line has been glued to the black 200-week Geometric MA line since 2023.
What do you think: new low incoming or different this time?👇
Europe gave crypto firms 18 months to get licensed.
1,200 tried. 200 made it.
July 1 the doors close. Unlicensed platforms face shutdowns or fines up to €5 million.
Binance pulled its application. Tether is getting delisted across major exchanges.
$100 billion in crypto market cap is about to get reshuffled in one of the world's largest economies.
This is not a warning because it's is already happening.
@Ojokelv This is the funny part with movies like this. Super Man detect threat before it even happens, but a 70 ton train he can hear it see before he get hit, make that make sense 😂👌🏼