Tether Excluded as MiCA Clears 10 Stablecoin Issuers In Europe

The European Union (EU) has approved ten stablecoin issuers under the Markets in Crypto-Assets (MiCA) regulations. This marks a key step in the bloc’s approach to cryptocurrency regulation. However, the absence of Tether ($USDT), the largest stablecoin by market capitalization, has raised concerns about regulatory priorities and the potential consequences for the digital asset market.