The European Securities and Markets Authority (ESMA) clarified an important point regarding the MiCA regulations, stating that this new legal framework does not create limitations on the use of the stablecoin Tether ($USDT) in the European Union. According to these explanations, only some services facilitating Tether purchases will be subject to restrictions. The regulatory body emphasized that core activities related to Tether, such as storage and transfer, will still be permissible within the EU laws. This official statement comes in response to widespread concerns in the digital currency community about the future of stablecoins under new regulations. ESMA’s clarification can play a crucial role in reassuring European users and businesses, especially considering Tether’s status as one of the most widely used stablecoins in the global digital currency market.
