Tether has expressed its support for the EU’s efforts in creating MiCA but has also highlighted some challenges that may arise for stablecoins operating in the region. A spokesperson for Tether stated, “Tether commends EU regulators for their efforts in establishing a structured framework, as it plays a key role in fostering growth within the sector. However, as we have consistently expressed, some aspects of MiCA make the operation of EU-licensed stablecoins more complex and potentially introduce new risks to both local banking infrastructure and stablecoins themselves,” in a statement to CoinDesk.
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