#USStablecoinBill

The CEO of Tether, Paolo Ardoino, reaffirmed that his company will not seek to comply with the MiCA Law in the European Union, calling this regulatory framework a threat to stablecoins and regional banking. The statement comes amid increasing regulatory pressure on stablecoin issuers in Europe. Tether will not seek a license under the MiCA Law and will continue to operate from El Salvador.