【Opinion: The implementation of the MiCA legislation brings compliance uncertainty for USDT, which may affect the landscape of the EU crypto market】 According to Jinse Finance, the EU's MiCA legislation has officially come into effect, but Tether's USDT has not yet obtained compliance certification, raising concerns about its future in the EU market. MiCA imposes strict requirements on stablecoin issuers, and major stablecoins like Tether face requirements for capital reserves and liquidity, which may lead to their exit from the EU market. Nevertheless, Tether's large market capitalization and global adoption make it unlikely to suffer immediate financial impact. Meanwhile, some exchanges in the EU have begun taking measures to comply with the new regulations, with Coinbase Europe having delisted USDT and other stablecoins. Analysts indicate that MiCA will drive some small and large companies out of the EU, promote market consolidation, and may result in higher investment and operational costs.

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