Tether has announced a new strategic development for the European market in response to regulatory changes.
Tether to Comply With MiCA Regulations
Tether's decision highlights the importance of aligning with Europe's regulatory frameworks. As MiCA takes full effect, companies in the EU must comply with these rules to continue providing services.
MiCA Effect on Stablecoin Issuers
Coinbase Global has announced plans to delist all unauthorized stablecoins from its platform in the EEA by the year's end, in response to MiCA. Under the new framework, stablecoin issuers must obtain money licenses to operate in the EEA.
Kraken Secures Win Over Competitors
Kraken stands apart from competitors regarding Tether USD, maintaining its listing in Europe despite the delisting of USDT by OKX in March and intentions from Binance. Kraken demonstrates commitment to growth and regulatory adherence in the region.
Tether is actively adjusting to legislative changes in Europe, aiming to solidify its market position.