Deep Tide TechFlow news, on December 31, according to The Block, the EU's crypto asset market regulation MiCA has established strict regulatory requirements for stablecoin issuers within the EU, yet Tether's USDT has not received MiCA compliance certification. WeFi's Growth Director Agne Linge pointed out that meeting these requirements may be economically challenging for large stablecoin issuers like Tether.
Linge stated that the new EU law now requires small stablecoin issuers to keep 30% of their reserves in low-risk commercial banks within the EU, while large stablecoin issuers like Tether must keep 60% or more of their reserves in banks. Given Tether's massive capital scale and global adoption rate, meeting this requirement without disrupting the broader crypto ecosystem is economically unfeasible.
However, Linge believes that Tether's large market capitalization and global adoption make it unlikely to face direct financial consequences from a potential exit. 'Tether's operations are largely unaffected by potential regional disruptions, and the company's profit margins are high, with an expected profit of $10 billion by the end of the year.'