Alex
@alexde
🇪🇺 Tether CEO warned that the MiCA regulation in the EU could threaten stablecoins and the banking system. MiCA requires at least 60% of stablecoin reserves to be held in EU bank accounts. Ardoino noted that banks operate on fractional reserves, meaning only part of deposits are available for withdrawal, and EU deposit insurance covers only up to $100,000.
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