How Tether’s [USDT] loss is USDC’s gain after OKX’s latest step

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Tether's USDT removed from OKX Exchange trading offerings for european customers. How will USDT be impacted?

The market remained relatively stable despite this development.Contemporaries such asand DAI have had a challenging time trying to catch up with USDT’s ever-growing market cap.OKX makes some changes

As per a tweet on the 18th of March, the platform now exclusively facilitates spot crypto trading with USDC and euro pairs, while USDT can only be exchanged against USDC and euro. They highlighted the company’s goal for the year to increase EURO pair liquidity and establish itself as the preferred platform for EURO to crypto spot trading.For those who had traded in USDT pairs, this decision could necessitate adjustments to their trading strategies, as they transition to trading with USDC and euro pairs exclusively on the platform.

 

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