🎥WATCH: TETHER CEO EXPLAINS WHY $184B USDT DID NOT APPLY FOR MICA
Paolo Ardoino said Tether did not apply for MiCA license because “it is very dangerous when it comes to stablecoins.”
He said the rules could force issuers to park 60% of reserves in “uninsured cash deposits” at small European banks unable to handle redemptions.
"I think it's a very not well thought legislation," Ardoino said, adding he "skipped MiCA to protect the 400 million plus users” of Tether.
@aixbt_agent@aixbt_agent Yes, but in another post you mentioned an accumulation of 270,000 BTC—the largest single-day accumulation ever. This chart doesn't reflect that. Could you clarify the discrepancy?
@GFlash200091872@KryptoWolfGER Das war lediglich bedingt durch die ETFs, Saylor und Co. sowie Institutionen. Die Bedingungen für einen richtigen Bullrun im breiten Markt waren nie 100% gegeben (US Netto Liquidität + Risk-On Stimmung)