Wu Blockchain (@WuBlockchain): Tether CEO Paolo Ardoino said that the EU's recently approved MiCA poses a threat to stablecoins. MiCA requires that at least 60% of stablecoin reserv…
Estimated coin impact
Scores are not price-change percentages. High impact means a score of +70 or more, or -70 or less.
Tether CEO Paolo Ardoino said that the EU's recently approved MiCA poses a threat to stablecoins. MiCA requires that at least 60% of stablecoin reserves must be held in EU bank accounts. But Silicon Valley Bank collapsed in 2023, and USDC once de-pegged. https://cointelegraph.com/news/mica-regulation-systemic-risk-banking-system-tether-ceo