ECB backs Tether's MiCA criticism, but USDT stays locked out of EU rules
- —ECB backed only one technical objection from Tether to MiCA, not USDT's right to operate in the EU
- —Tether has not applied for an e-money licence under MiCA
- —European exchanges are curbing USDT pairs in favour of compliant stablecoins
- —Binance invested $100 million in Circle and signed a five-year USDC agreement
Why it matters: USDT remains the largest stablecoin but is losing access to the regulated EU market, ceding ground to USDC and other MiCA-compliant assets.
Source: CriptoTendencias