However, Tether refuted JPMorgan’s arguments and said the company remains optimistic about MiCA’s long-term impact on the industry. “We recognize that the effects of these regulations, which will impact every stablecoin issuer, will unfold gradually. However, some aspects of the regulations present challenges that could complicate the role of stablecoin issuers and increase operational risks for EU-licensed stablecoins. Tether firmly believes that stablecoin regulation should ensure security improvements rather than pose systemic risks,” a Tether spokesperson told CoinDesk in a statement.
