Companies like Robinhood and Revolut are exploring the launch of stablecoins as increased regulation in Europe could weaken Tether's dominance in the $170 billion digital asset market.
The EU's forthcoming crypto regulations could force exchanges to delist stablecoins from issuer Tether if they lack proper licenses, potentially reshaping the market landscape.
Tether CEO Paolo Ardoino highlighted the risks posed by EU regulations, particularly regarding mass redemptions, and mentioned that the company is developing a 'technology-based solution' for that market.
While both Robinhood and Revolut are eyeing stablecoin offerings, they have not committed to the projects, indicating the uncertainty and competitiveness surrounding Tether's market position.
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