menuIcon
$ 104,607.4
BTC
$ 104,607.4
0.24 %
$ 2,479.86
ETH
$ 2,479.86
1.30 %
$ 0.7261
ADA
$ 0.7261
-0.94 %
$ 641.45
BNB
$ 641.45
-0.36 %
$ 164.93
SOL
$ 164.93
0.71 %
Sujit Kumar
Feb 20, 2025
by Sujit Kumar

Tether Excluded from EU MiCA Approvals, Shifting Global Focus

Tether Excluded from EU

Table of contents

  1. Implications for the EU Crypto Market
  2. Tether Shifts Focus Beyond Europe
    1. Regulatory Debate and Market Competitiveness
The largest stablecoin issuer, Tether, has been notably excluded from the European Union’s latest MiCA regulation approvals. While licenses were granted to 10 stablecoin providers—such as Banking Circle, Circle, Crypto.com, and others—Tether did not receive approval. This decision highlights the EU's strict approach to crypto asset regulation and raises concerns about potential delistings of USDT within the bloc.

Implications for the EU Crypto Market

The MiCA framework is designed to oversee stablecoins and crypto-asset service providers, ensuring compliance with stringent requirements. With approved firms collectively issuing 10 euro-pegged and five US dollar-pegged stablecoins, Tether's exclusion could signal tighter market restrictions. As a result, several crypto platforms in the EU have already started to delist USDT, casting uncertainty over Tether's future in the region.

Tether Shifts Focus Beyond Europe

In response to the EU decision, Tether is expanding its global footprint. The company recently proposed acquiring a 51% stake in a South African energy firm, diversifying its investment strategy beyond just crypto assets. Additionally, Tether has increased its presence in the sports industry by investing in Juventus, while also exploring opportunities in AI, biotech, and energy sectors.

Regulatory Debate and Market Competitiveness

Experts warn that MiCA’s stringent rules may isolate the EU crypto market, driving foreign firms to relocate and reducing overall competitiveness. Some analysts argue that an excessive focus on compliance could stifle innovation and limit options for European crypto users. Tether has criticized its exclusion as “hasty and unwarranted,” fueling debates about regulatory fairness.

Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Follow us on: News
Tether Excluded from EU
Tether Excluded from EU MiCA Approvals, Shifting Global Focus
Sujit Kumar
Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

Top Picks