🚨 WHY TETHER SNUBS MiCA—EU STABLECOIN WARS HEAT UP! 🚨
$BTC
🔹 Banking Rule Backfire: MiCA demands “significant” stablecoins hold ≥60% reserves in EU banks—Tether fears bank liquidity crunch could trigger simultaneous banking and stablecoin crises, preferring U.S. Treasuries instead
🔹 Digital Euro Distrust: CEO Paolo Ardoino warns a centrally controlled digital euro risks privacy and censorship, doubting ECB’s privacy assurances
🔹 Emerging Market Focus: With users in Brazil, Turkey & Nigeria relying on USDT amid local instability, Tether won’t sacrifice these markets to satisfy EU-specific rules
🔹 EU Delistings: Binance & Kraken have already removed USDT pairs for EEA users—holding USDT still works, but trading on regulated venues is blocked
💬 POLL: Is Tether right to prioritize global users over EU compliance?
· ✅ Yes—serve the needy
· ❌ No—compliance is key
· 🤔 MiCA needs reform
💬 Your Take: Drop your emoji & tag @FaisalCrypto007 !
🔁 Also Repost
