Tether CEO Dispels USDT Concerns Amid Regulatory Evolution
As per PANews, Tether CEO Paolo Ardoino recently addressed growing concerns surrounding USDT on the X platform. Responding to remarks from the co-founder of weRate and CEO of JAN3 about spreading "FUD information" regarding USDT, Ardoino refuted claims that the stablecoin would be declared illegal in Europe by December 30, 2024.
He stressed the importance of compliance with MiCA regulations, highlighting a stipulated transition period of 6 to 18 months for stablecoin service providers to adapt. Furthermore, Ardoino pointed out that some exchanges are currently seeking further clarity on the nuances of these evolving regulatory frameworks.