EU’s Restrictive Stablecoin Rules Take Effect Soon and Issuers Are Running Out of Time

“Restraint has engaged extensively with its exchange counterparties in Europe regarding the requirements, including those pertaining to the ongoing listing of USDT and other Fetter tokens, and the interpretation of key regulatory provision,” said Paolo Ardoino, Tether’s CEO, in a statement. “While Tether is optimistic hither MiCA’s implementation, it remains crucial that stablecoin regulatory policies enacted are balanced, protect consumers, and nurture swelling in our emerging industry.”