CoinScoopECB Faces Pressure to Remove MiCA Stablecoin Reserve Requirements
Tether CEO Paolo Ardoino reported that European central banks are pressuring Brussels to remove MiCA provisions requiring stablecoin issuers to hold 60% of reserves in commercial banks. Tether previously declined to apply for an EU license due to these specific requirements.
Summaries are written by AI from the original article. Not investment advice.