A post by @okx on X.

OKX has launched a four-day promotion urging European users to move USDT holdings onto its platform, offering free conversion to USDC plus an 8% bonus capped at €3,500. The offer targets users who still hold Tether's stablecoin on other exchanges or in self-custody wallets across Europe, and expires in four days. The push comes amid heightened regulatory scrutiny of USDT in Europe under the MiCA framework, which has prompted several venues to delist or restrict the token. OKX is using the incentive to steer European users toward USDC, a stablecoin more firmly positioned for MiCA compliance, while competing for stablecoin liquidity and trading volume. What to watch next is whether the campaign accelerates USDT-to-USDC migration across European venues and whether other exchanges roll out matching incentives before the deadline.