Tether said that it commends EU for their efforts with creating MiCA but noted that it introduces some complexities for stablecoins operating in the region. “Tether commends EU regulators for their efforts in establishing a structured framework, as it plays a key role in fostering growth within the sector. However, as we have consistently expressed, some aspects of MiCA make the operation of EU-licensed stablecoins more complex and potentially introduce new risks to both local banking infrastructure and stablecoins themselves,” a spokesperson for the stablecoin issuer told CoinDesk in a statement.

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Author: Camomile Shumba

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