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2025-05-04 17:09:18

Tether refuses to register USDT under MiCA: Ardoino called regulation "dangerous"

Tether refuses to register USDT under MiCA: Ardoino called regulation "dangerous"

Tether CEO Paolo Ardoino explained why the company will not register USDT under the rules of MiCA, the new EU crypto regulation:

"MiCA is dangerous for stablecoins and banks," he said at a TOKEN2049 in Dubai

According to him, the requirement to keep 60% of reserves in insurance deposits could bring down the European banking system

Tether CEO stressed that he is obliged to protect 400+ million USDT users around the world

"I love Europe, but the ECB is more interested in the digital euro as a tool to control people," Ardoino added

After the launch of MiCA, several exchanges (including Coinbase and Crypto.com) began to delist USDT in Europe

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