Stablecoin Squeeze: EU Rule Shakes Crypto Sector

Europe's MiCA law, aiming to unify crypto regulation across the EU, is in full swing. Its stringent rules on stablecoins, like Tether’s USDt, demand issuer authorization and a white paper nod from regulators. This could see exchanges delist non-compliant coins, affecting Europe's crypto market. While some firms align with MiCA, others, like @Tether_to, avoid the risk, fearing impacts on Europe’s smaller banks. As MiCA rolls out, industry players must quickly adapt or face market exclusion—a classic clash of innovation and regulation.