The CEO of Tether, Paolo Ardoino, is worried that stablecoins would be negatively affected by the Markets in Crypto Assets (MiCA) Regulation.

According to Ardoino, who was reporting from The Block, "MiCA contains several problematic requirements." It has regulations that make stablecoin issuers' jobs more difficult and that make stablecoins licensed in the European Union more susceptible to attacks and riskier to operate.

$USDT