Nexo Advertise update To its STABLECOIN services for users in European Economic Zone (EEA), In compliance with the new regulations of the European Union.
The changes will include Trading, savings and lending activities For various stablecoins, including Usdt, Dai, USDP, Tusd and Paxg.
The new rules will be presented in Two phases: The first starts from March 10, 2025The second is from March 31, 2025. Let’s see in detail what will change for Nexo users.
Nexo News: Transfer without additional costs between stablecoin
Starting from March 10, 2025, users will be able to do so ExchandE usdt, USDP, Dai and Tusd for the American Ministry, with no additional fees. This opportunity will be available through the following couples on the Nexo Exchange:
- – Usdt/USDC
- – USDP/USDC
- – Dai/USDC
- – Tusd/USDC
The goal is to facilitate the transition to USDC, which will continue to provide opportunities to gain attention. However, these exchanges It will not be given the recovery of money In Criptovalute.
From March 10, 2025, USDT, Dai, USDP, Tusd, and Paxg It will not be available for new deposits in providing fixed term and automatic renewal. Those who already have fixed deposits in these currencies It will continue to receive interest until the entitlement.
Once the active terms are over, users will be able to think about converting to another currency Continue to generate returns.
Nexo will stop the possibility Opening new dual investment strategies with USDT In EEA. However, the The current positions will remain active until the end of their natural validity. Users will be able to think USDC as an alternative For future operations.
Despite the above changes, the NEXO users in EEA will remain able to:
- – Buying, keeping and depositing Stablecoin
- – Use it to pay the loans
- – Make payments with the Nexo card In the deduction mode
Changes from March 31, 2025
Trading: Stop for new purchases from USDT, USDP, Tusd, Dai and Paxg
From March 31, 2025, trading pairs of these stablecoins will turn into Selling only. Users will only be able to do so Convert it into other encrypted currenciesbut You will not be able to buy it anymore On the platform.
the Usdt, USDP, Dai and Tusd exchange for USDC It will continue in the same thing Market price with zero fees.
Nexo will present Multi -Future Trading HarmingsAllowing users to do so Use both usdt and USDC as a guarantee In their future governorates.
From March 31, 2025, the following will be stopped:
- – All repeated purchase operations (Including those made of available balances or payment cards)
- – The target prices for the affected stablecoin
- – Automatic purchase of Stablecoin with Euro (EURX) or other cryptocurrencies
Nexo will not give new loans in USDT. However, there are no restrictions on other stablecoins for the function of lending.
A cutting of flexible savings for some stablecoin
From March 31, 2025, USDT, USDP, Tusd, Dai and Paxg will not be supported in a flexible saving. The last daily interest will be paid on this date.
Those who have fixed sediments in this currency will continue to get the benefit until the normal validity of the contracts.
Despite the limits of trading, loans and savings, It will continue to be deposited and withdrawal Stablecoins affected without restrictions.
Goals and influences for Nexo users
The changes reflect the development of the encryption sector and necessary Nexo align with European regulations on Stablecoins.
The company aims to ensure a smooth and safe user experience, while allowing users to do so Continue keeping their digital assets.
Nexo confirms that these innovations represent an important step towards more organizational compliance. Users are encouraged to prepare for changes and evaluate Available conversion options To improve its wallet.
The company will continue Monitor the organizational scene It will immediately inform its customers of any other updates.
