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 can affect each stablecoin issuer, will unfold steadily. Nonetheless, sure points of the regulation current challenges that might complicate the position of stablecoin issuers and improve the operational dangers for EU-licensed stablecoins. Tether firmly believes that stablecoin rules should guarantee security enhancements somewhat than posing systemic dangers,” a Tether spokesperson informed CoinDesk in an announcement.
