MiCA kicking USDT out of European centralised exchanges will be a boon for P2P and DEX.

USDT remains the highest volume market.

My reading of MiCA is that P2P is outside of scope and therefore not subject to the requirements imposed by this directive on centralised exchanges (VASP and CASP). Please let me know if I'm wrong about this.

Fully P2P markets like Bisq, Robosats, Vexl, LNP2PBot, Mostro, HodlHodl... have a huge opportunity to capture siginificant share of this huge market.

For traders, market makers and liquidity providers there is an opportunity for profit. Liquidity is thin right now in these markets. They can easily charge 3-5% to bridge the gap.

Trading in USDT/BTC means that you can provide this service from anywhere in the world! You also avoid banks, which are the biggest source of friction in P2P trades.

Eventually USDT/BTC will be atomic swaps ⚛️. Making trades faster, safer and easier!