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The wars of stablecoins in the European Union are escalating!!
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🔹 Reaction of banking rules: MiCA requires that "significant" stablecoins hold more than 60% of their reserves in EU banks - Tether fears that a lack of liquidity in banks could lead to banking crises and stablecoin crises simultaneously, preferring US treasuries instead.
🔹 Distrust in the digital euro: CEO Paolo Ardoino warns that a centrally controlled digital euro jeopardizes privacy and control, questioning the privacy guarantees from the European Central Bank.
🔹 Focus on emerging markets: With users in Brazil, Turkey, and Nigeria relying on USDT amid local instability, Tether will not sacrifice these markets to comply with EU rules.
🔹 EU delistings: Binance and Kraken have already removed USDT pairs for users in the European Economic Area - you can still hold USDT, but trading in regulated places is prohibited.
#TrumpTariffs #MarketPullback #ETHMarketWatch #BinancelaunchpoolHuma #BTCBreaksATH110K