Nevertheless, Tether refuted JPMorgan’s arguments and mentioned the agency stays optimistic about how MiCA will influence the business in the long run. “We acknowledge that the consequences of those laws, which is able to influence each stablecoin issuer, will unfold steadily. Nevertheless, sure facets 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 laws should guarantee security enhancements quite than posing systemic dangers,” a Tether spokesperson advised CoinDesk in an announcement.
