**Tether CEO Paolo Ardoino** recently voiced his concerns about the **European Union's Markets in Crypto-Assets (MiCA)** regulation. According to him, this new regulation poses a **systemic risk** not only to stablecoins but also to the broader banking system. 😮
The specific requirement that **60% of reserves must be held in EU banks** is causing quite a stir. Imagine stablecoins like **USDC** nervously shuffling their digital assets, wondering how to comply! 💸💼
Keep an eye on these regulatory developments—they're like plot twists in the crypto saga! 🌐📉📈
