news 
Will Tether Comply with MiCA Regulations in the EU by 2024?
Tether (USDT) is facing a crucial decision regarding compliance with the European Union’s Markets in Crypto-Assets (MiCA) regulations, which are set to come into effect on December 30, 2024. While some exchanges have already taken steps to delist Tether ahead of the new regulatory landscape, Tether itself has not provided a clear answer regarding its intentions.
As part of MiCA’s guidelines, Tether will need to adapt and conform to the newly imposed standards within the given six-to-18-month transition period. However, it appears that Tether is taking a more cautious approach by investing in StablR, a provider aiming to increase stablecoin usage inside Europe under the MiCA framework.
According to recent statements from Paolo Ardoino, CEO of Tether, the company is focusing on merging AI and blockchain technology to create real-world applications. This emphasis on innovation might suggest that Tether is not entirely committed to complying with MiCA regulations by 2024.
Ripple’s RLUSD stablecoin could potentially offer a compliant alternative for users in the EU.
Source: www.crypto-news-flash.com
