Central banking system
Appears in 1 story
Recommended the Commission remove the deposit floor; cannot change the rules on its own
Tether, the company behind the world's largest stablecoin, has walked away from Europe's crypto licensing regime. CEO Paolo Ardoino said the company won't seek a Markets in Crypto-Assets (MiCA) license because the rules force large stablecoin issuers to park at least 60% of reserves in commercial bank deposits — money that banks lend out and may not have on hand during a redemption rush.
Updated 2 hours ago
No stories match your search
Try a different keyword
How would you like to describe your experience with the app today?
