Following the latest guidelines from EU authorities in relation to stablecoins, we are making changes to the availability of non-MiCA compliant Stablecoins within our services to comply with regulatory requirements.
Impacted assets are USDT(Ethereum), USDT(Polygon) and USDT(TRON).
Therefore, xMoney Crypto will no longer support USDT payments. This change ensures compliance and allows us to provide a future-proof, regulatory-friendly payment experience.
MiCA compliant stablecoins, such as USDC on Ethereum and Polygon networks remain available and unchanged.
Key Dates & Changes:
March 24, 2025, 13:00 UTC
xMoney Crypto will restrict the availability of USDT payments on our checkout widget.
Starting March 24, 2025
Refunds for past USDT payments will be converted to USDC. (Exception: USDT/TRON refunds will be handled manually via our Support & Finance teams)
What This Means for You:
USDT Payments: If you plan to make a payment using USDT, please do so before March 24 to avoid disruptions.
Refunds: Any refunds for previous USDT transactions will be processed in USDC starting March 24.
Stable & Compliant: We continue to provide MiCA-compliant stablecoin options, ensuring security and reliability.
Next Steps:
If you are a holder of USDT and plan to complete a payment using xMoney Crypto anytime soon, we recommend doing so at your earliest convenience.
If you have any questions or concerns, please reach out to our support team. Thank you for your preference as we continue to enhance and future-proof crypto payments!
If you want to know more about Merchant implications, click here.