Nevertheless, Tether refuted JPMorgan’s arguments and mentioned the agency stays optimistic about how MiCA will affect the business in the long run. “We acknowledge that the consequences of those rules, which can affect each stablecoin issuer, will unfold regularly. Nevertheless, sure elements of the regulation current challenges that would complicate the function of stablecoin issuers and enhance the operational dangers for EU-licensed stablecoins. Tether firmly believes that stablecoin rules should guarantee security enhancements relatively than posing systemic dangers,” a Tether spokesperson informed CoinDesk in an announcement.
