Is Tether’s USDT stablecoin ‘noncompliant’ with EU’s MiCA regulations?

As the EU’s Markets in Crypto-Assets (MiCA) regulations take effect, questions are surfacing about the compliance of major stablecoins like Tether (USDT). In the article, Juan Ignacio Ibañez, Chief of Staff at the DLT Science Foundation and Exponential Science, and Technical Committee Member of the MiCA Crypto Alliance, discusses the implications of MiCA for stablecoin issuers, noting that Tether is concerned about the reserve management requirements. He suggests that these regulations could "disrupt their business model and investment strategy." The article explores how these regulatory requirements might significantly impact Tether's position and the broader stablecoin market in Europe.