Tether officially abandoned its pursuit of an EU Markets in Crypto-Assets (MiCA)…

Skai News 📣, @skaitradenews

Open in Telegram
#895Photo

Tether officially abandoned its pursuit of an EU Markets in Crypto-Assets (MiCA) license, refusing the mandate requiring systemically important stablecoins to hold at least 60% of their $183B USDT reserves in commercial bank deposits. CEO Paolo Ardoino argued the rule increases counterparty risk because EU deposit insurance caps out at €100,000 per bank. Tether prefers holding liquid, low-risk sovereign debt (like U.S. Treasuries) rather than vulnerable cash deposits.

Open in Telegram
Views284−41%vs avg
Forwards1
Reactions1
Comments—

Views growth

Hours after publication

Show as table
Hours after publicationViews
0 h0
55 h273
71 h284
  1. Total to date284

Reactions

  • 😁1

More from Skai News 📣

  1. 01
    Views694
    Forwards1
    Reactions1
    Comments—
  2. 02
    Views647
    Forwards1
    Reactions2
    Comments—
  3. 03

    No text

    Photoalbum
    Views646
    Forwards0
    Reactions—
    Comments—
  4. 04
    Views641
    Forwards1
    Reactions—
    Comments—
  5. 05
    Views636
    Forwards1
    Reactions—
    Comments—

All posts of Skai News 📣