Nevertheless, Tether refuted JPMorgan’s arguments and stated the agency stays optimistic about how MiCA will impression the trade in the long run. “We acknowledge that the results of those rules, which can impression each stablecoin issuer, will unfold progressively. Nevertheless, sure facets of the regulation current challenges that might complicate the position of stablecoin issuers and improve the operational dangers for EU-licensed stablecoins. Tether firmly believes that stablecoin rules should guarantee security enhancements fairly than posing systemic dangers,” a Tether spokesperson instructed CoinDesk in a press release.