Tether stated that it commends EU for his or her efforts with creating MiCA however famous that it introduces some complexities for stablecoins working within the area. “Tether commends EU regulators for his or her efforts in establishing a structured framework, because it performs a key position in fostering development inside the sector. Nonetheless, as we’ve persistently expressed, some facets of MiCA make the operation of EU-licensed stablecoins extra complicated and probably introduce new dangers to each native banking infrastructure and stablecoins themselves,” a spokesperson for the stablecoin issuer instructed CoinDesk in an announcement.
