BlockBeats news, on December 31, according to The Block, the EU's MiCA legislation officially takes effect, but Tether's USDT has not yet received 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 may lead to their exit from the EU market. Nevertheless, Tether's massive market capitalization and global adoption make it unlikely to suffer immediate financial impact. Meanwhile, some exchanges in the EU have begun to take measures to comply with the new regulations, with Coinbase Europe having delisted USDT and other stablecoins. Analysts state 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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