Tether Refused to Comply with Europe's MiCA Rules Over One Bank-Deposit Requirement
Regulation
Tether's refusal to seek authorization under Europe's Markets in Crypto-Assets (MiCA) framework was driven by one reserve rule rather than a general objection to oversight. MiCA requires issuers of significant stablecoins to keep at least 60 percent of backing assets as deposits with commercial banks.
USDT
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