The European Securities and Markets Authority (ESMA) has announced a crucial deadline for the regulation of stablecoins under the Markets in Crypto-Assets (MiCA) framework. By January, entities must align with these regulations, which may significantly impact stablecoins like Tether’s USDT. This move underscores the regulatory tightening in the EU.
ESMA's directive aims to ensure transparent and secure operations of stablecoin issuers in the European market. Adherence to MiCA's rules will require companies to maintain compliance, revealing the growing influence of regulatory bodies over the crypto landscape, potentially altering the course of stablecoin dominance.
