Nonetheless, Tether refuted JPMorgan’s arguments and stated the agency stays optimistic about how MiCA will affect the business in the long run. “We acknowledge that the consequences of those rules, which is able to affect each stablecoin issuer, will unfold step by step. Nonetheless, sure features 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 rules should guarantee security enhancements slightly than posing systemic dangers,” a Tether spokesperson informed CoinDesk in a press release.
