Revolut Halts USDT Transactions for EU Customers
- Policy Change Timeline: Revolut has announced that it will stop USDT purchases on July 6, reject USDT deposits from July 30, and auto-convert any remaining USDT to fiat after August 31, directly impacting EU and EEA retail users who must plan their asset management ahead of these deadlines.
- Compliance-Driven Changes: The implementation of the MiCA regulation requires Revolut, as a MiCA-authorized Crypto Asset Service Provider (CASP), to adhere to new stablecoin rules, while Tether's failure to seek MiCA e-money authorization has led to restricted access for users in the EU, limiting their trading options.
- User Response Strategies: Users need to decide before August 31 whether to convert to fiat, switch to a compliant stablecoin, or self-custody USDT to avoid unfavorable market conditions and fees at the last minute, ensuring asset safety and liquidity.
- Market Impact Analysis: This policy shift may lead to decreased liquidity for USDT in the EU market, with users needing to be aware of spreads and fees during conversion, potentially affecting overall trading costs and user experience, reflecting the profound impact of regulatory environments on crypto assets.
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Technical Analysis for STABLE
Technical Sentiment Analysis for (STABLE). As of , (STABLE) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for STABLE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, STABLE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
(STABLE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.026 | 0.0294 | 0.0328 | 0.0362 | 0.0396 | 0.043 | 0.0464 |
| Fibonacci | 0.0294 | 0.032 | 0.0336 | 0.0362 | 0.0388 | 0.0404 | 0.043 |
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