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Tether Rejects EU's MiCA: Ardoino Cites Risks to USDT and European Banks

Tether CEO Paolo Ardoino warns that MiCA regulations pose dangers to #USDT and smaller EU banks.

➡️ Tether refuses to comply with the EU’s MiCA framework.

➡️ Ardoino says MiCA’s 60% reserve deposit rule could destabilize small/medium EU banks.

➡️ Prioritizes protecting 400M+ global users, especially outside Europe.

➡️ Tether remains regulated in El Salvador, bypassing EU rules.

➡️ Kraken, Crypto.com, and OKX already delisting USDT in Europe due to MiCA.

Tether’s stance to Europe: Smarter regulations needed to stay competitive.