Tether refused to register USDT under MiCA: Ardoino called the regulation "dangerous"
Tether's CEO Paolo Ardoino explained why the company will not register USDT under the MiCA rules — the new crypto regulation of the EU:
🔵 "MiCA is a danger to stablecoins and banks," he stated at TOKEN2049 in Dubai
🔵 According to him, the requirement to keep 60% of reserves in insurance deposits could ruin the banking system of Europe
🔵 The CEO of Tether emphasized that his duty is to protect over 400 million USDT users worldwide
"I love Europe, but the ECB is more interested in the digital euro as a tool for controlling people," Ardoino added
📉 After the launch of MiCA, several exchanges (including Coinbase and Crypto.com) began delisting USDT in Europe
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