OKX Europe lets users convert USDT to MiCA-compliant USDC
OKX Europe launched a one-way conversion tool that lets EU customers deposit USDT and convert it into USDC, giving users a compliant way to move off Tether’s stablecoin under MiCA rules. The feature is aimed at customers whose current platforms no longer support USDT or plan to migrate balances automatically, but OKX says conversions are user-controlled rather than forced by a deadline. The move reflects growing restrictions on USDT in Europe because Tether has not sought MiCA authorization. Many exchanges have delisted USDT pairs or shifted users toward compliant alternatives. Despite this, USDT remains the largest stablecoin globally, with about 59% of the market and roughly $184 billion in circulation, compared with USDC’s about $73 billion. OKX Europe serves 30 EU and EEA countries under its MiCA license.
