Tether CEO Says MiCA Rules Are Too Risky for USDT Reserves

Tether CEO Paolo Ardoino has explained why the company chose not to apply for a license under the European Union’s Markets in Crypto-Assets (MiCA) framework. According to Ardoino, the regulation creates unnecessary risks for stablecoin issuers instead of making the market safer. He said MiCA requires issuers to keep 60% of their reserves as uninsured […] Read The Full Article Tether CEO Says MiCA Rules Are Too Risky for USDT Reserves On Coin Edition.