Despite recent regulations imposed by the European Union affecting the market for stablecoins such as Tether’s USDT, Tether remains committed to catering to the EU market. Regulatory concerns have sparked changes across the crypto ecosystem with Binance, Bitstamp and Coinbase taking action as part of MiCA enforcement, though Tether is developing solutions for the European market. Meanwhile, Circle’s USDC gains from EU license approval in comparison.
Source: Tether