Stablecoin Regulations Could Pose Problems for Tether, JPMorgan Says; USDT Issuer Claims Sour Grapes

Nonetheless, Tether refuted JPMorgan’s arguments and mentioned the agency stays optimistic about how MiCA will impression the business in the long run. “We acknowledge that the consequences of those laws, which is able to impression each stablecoin issuer, will unfold progressively. Nonetheless, sure facets of the regulation current challenges that might complicate the function of stablecoin issuers and enhance the operational dangers for EU-licensed stablecoins. Tether firmly believes that stablecoin laws should guarantee security enhancements relatively than posing systemic dangers,” a Tether spokesperson advised CoinDesk in an announcement.