$USDC Meanwhile, in Europe we are dedicated to chasing and punishing innovation, with tech hubs, companies, and #crypto startups that struggle to operate within the legal framework.
š Tether, Circle, and PayPal have licenses to operate on a global scale. Europe has a license to invite founders, investors, and builders to leave with them.
āļø The proposed regulation for the #stablecoins establishes that only authorized entities, such as banks, #fintechs, or state-approved issuers will be able to issue them.
āļø These must be backed in a 1:1 ratio by secure reserves like cash or Treasury instruments. Additionally, monthly auditing is required, strict rules for their redemption, and obtaining federal licenses that prevail over state ones.$USDC
