Odaily星球日报讯 The MiCA bill of the EU 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, with major stablecoins like Tether facing 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 less likely to suffer immediate financial shocks. Meanwhile, some exchanges in the EU have begun to take measures to comply with the new regulations, with Coinbase Europe delisting stablecoins like USDT. Analysts indicate that MiCA will push some small and large companies to exit the EU, promote market consolidation, and potentially lead to higher investment and operational costs.