🚨 Crypto News Flash! 🚨

Tether CEO Paolo Ardoino raises alarms over Europe’s new MiCA regulations on stablecoins. MiCA demands 60% of reserves in non-insured cash deposits, which Ardoino argues could pose systemic risks to banks. He draws parallels to Circle’s 2023 incident with Silicon Valley Bank, where $3B of USDC reserves were stuck. Ardoino warns this could lead to liquidity crises and potential bank bankruptcies. 💸

Do you think MiCA’s regulations are too strict? Share your thoughts in the comments! 👇

#CryptoNews #Tether #MiCA #Stablecoins