According to Deep Tide TechFlow, on December 31, The Block reported that the EU's crypto asset market regulation MiCA has established strict regulatory requirements for stablecoin issuers within the EU, however, Tether's USDT has not yet obtained MiCA compliance certification. WeFi's growth manager Agne Linge pointed out that for large stablecoin issuers like Tether, meeting these requirements could be economically challenging.
Linge stated that the new EU law now requires small stablecoin issuers to hold 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 economically is not feasible without disrupting the broader crypto ecosystem.
However, Linge believes that Tether's large market value and global adoption make it less likely to face direct financial consequences from a potential Brexit. "Tether's operations remain largely unaffected by potential regional disruptions, and the company's profit margins are very high, with a projected profit of $10 billion by the end of the year."

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