However, Tether refuted JPMorgan’s arguments and said the firm remains optimistic about how MiCA will impact the industry in the long term. “We recognize that the effects of these regulations, which will impact every stablecoin issuer, will unfold gradually. However, certain aspects of the regulation present challenges that could complicate the role of stablecoin issuers and increase the operational risks for EU-licensed stablecoins. Tether firmly believes that stablecoin regulations must ensure safety improvements rather than posing systemic risks,” a Tether spokesperson told CoinDesk in a statement.
