the European Securities and Markets Authority (ESMA) has required cryptocurrency companies to comply with the new EU stablecoin rules by March 31st. Market observers say that USDT is one of the stablecoins under strict scrutiny, and it is still unclear whether Tether intends to apply for EU authorization. As an "important" stablecoin under MiCA, it may face stricter requirements, including higher capital reserves and stricter supervision. Some industry insiders believe that 80% of USDT trading volume in Asia, and the United States also dominates global cryptocurrency trading. In addition, in order to comply with MiCA requirements, Tether has invested in compliant companies such as StablR and Quantoz Payments. Tether CEO Paolo Ardoino has stated that he has no intention of leaving the EU in the short term, although USDT cannot be traded on MiCA-compliant exchanges, traders can still hold stablecoins in non-custodial wallets as a short-term solution.