The European Securities and Markets Authority (ESMA) has announced the need for restrictions for stablecoins that do not comply with the standards of the new regulation "Markets in Crypto Assets" (MiCA). The regulator has required cryptocurrency platforms (CASPs) to implement these measures by the end of the first quarter of 2025.

According to MiCA, only authorized issuers will be able to issue and offer stablecoins. Until that date, ESMA allows users to sell such assets on a "sell-only" basis. This decision also applies to the largest USDT stablecoin, which is not licensed under MiCA.

National Competent Authorities (NCAs) The EU must ensure compliance with the new rules, which aim to increase transparency and protect investors. At the same time, industry representatives, including Tether, say that discussions with regulators are ongoing and they do not expect immediate changes for users.