Odaily Planet Daily News: 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 capital reserve and liquidity requirements, which could lead to their exit from the EU market. Nevertheless, Tether's massive market capitalization and global adoption make it unlikely to suffer immediate financial impacts. Meanwhile, some EU exchanges have begun taking measures to comply with the new regulations, with Coinbase Europe having delisted stablecoins like USDT. Analysts say that MiCA will push some small and large companies out of the EU, promote market consolidation, and may lead to higher investment and operational costs.