🔥 **Tether CEO Clashes Hard With MiCA: Not Applying for a License Is to Protect You**
Paolo Ardoino said outright—MiCA is «very dangerous» for stablecoins.
The core risk is that the rules require issuers to place 60% of their reserves into unsecured cash accounts at small European banks. These banks simply can’t withstand large-scale bank runs; in extreme cases, users’ funds have no protection.
Ardoino calls MiCA «ill-considered legislation». To protect the interests of over 400 million users, Tether has chosen to take a detour.
It’s not that they can’t comply—it’s that they’re unwilling to risk users’ funds.
What do you think? Which matters more: compliance or safety?
#稳定币 #MiCA
Paolo Ardoino said outright—MiCA is «very dangerous» for stablecoins.
The core risk is that the rules require issuers to place 60% of their reserves into unsecured cash accounts at small European banks. These banks simply can’t withstand large-scale bank runs; in extreme cases, users’ funds have no protection.
Ardoino calls MiCA «ill-considered legislation». To protect the interests of over 400 million users, Tether has chosen to take a detour.
It’s not that they can’t comply—it’s that they’re unwilling to risk users’ funds.
What do you think? Which matters more: compliance or safety?
#稳定币 #MiCA