Tether is actually going to comply by heavily investing in different stable coin called StablR(.com) that is already regulated in EU.
I think they are doing this because they are sure nobody would give them EU license looking deeply at their history.
As for new regulations... they are obviously doing slow cooking of the ''frog'' and I don't see much resistance sadly.
I don’t want to go too off-topic. But
- StablR is not owned by Tether. Tether has invested in StableR without gaining control. The main point is that StableR will use Tether’s Hardon platform for stablecoins.
- Tether has not EU licence because they never asked for it. They are not interested because MicaR requirements aren’t compatible with safe management of a stablecoin, requiring 30% of reserves to be held in a bank.