The European Union’s MiCA regulation has come into effect, introducing stringent requirements for crypto assets, including stablecoins like Tether’s USDT, which has not yet received MiCA certification. This uncertainty affects USDT’s status in the EU market, where its market capitalization has also declined recently. The regulation demands significant reserve holdings in EU banks, posing economic challenges for large issuers like Tether.
NewsBriefs – MiCA regulation takes effect, leaving USDT’s status in EU uncertain
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