OKX Europe Launches One-Way USDT-to-USDC Conversion Channel
OKX Europe now allows eligible EEA users to deposit USDT and convert it one-way to MiCA-compliant USDC. As Tether has not yet obtained the EU authorization required under the MiCA framework for USDT, the stablecoin cannot be traded or used for other transactions on the OKX Europe platform.
OKX Europe has introduced a one-way conversion channel for eligible users in the European Economic Area (EEA), enabling them to deposit Tether (USDT) and convert it exclusively to USD Coin (USDC), which complies with the Markets in Crypto-Assets (MiCA) regulation. This move comes as Tether has yet to secure the necessary EU authorization for USDT under the MiCA framework, rendering USDT unavailable for regular trading or other transactional use on the OKX Europe platform.
Provenance & status
- Byline
- OceanAlt Editorial
- First published
- 2026-07-19
- Last updated
- 2026-08-01
- Source material
- Source not labeled
