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🎥WATCH: TETHER CEO EXPLAINS WHY $184B USDT DID NOT APPLY FOR MICA Paolo Ardoino said Tether did not apply for MiCA license because “it is very dangerous when it comes to stablecoins.” He said the rules could force issuers to park 60% of reserves in “uninsured cash deposits” at... show more
33 条评论

He skipped MICA the same reason he is skipping Genius. Tether won’t pass an audit. Anyone that believes otherwise is wildly misled. A company does not leave the 2 biggest markets on Earth by choice.

Nah. Tether is just a gang of frauds. They always running away from regulation. They've scammed the system well enough they're better off now.

that's an interesting way to say you dont have reserves

100% mica is a initiative to use stable coin backing to insure EU banks

He means, they want something other than Bitcoin backing them. That's what he means.

@DigPerspectives Cause Tether is backed by bull shit and the other ponzi scheme BTC 🤣

He means they can't pass an audit

What the fuck is this guy talking about this is what literally what banks do every day for the last fucking hundred years now all of a sudden there’s a concern about this. You just don’t want to disclose your books.

Buddy, first complete your independent audit then we can talk about everything else.

Come on man… did he really think we are all that dumb? They can’t pass an audit pure and simple.

When you can’t pass audits, print out of thin air, run a pump n dump with bitcoin and operate illegally behind closed doors and have to move to move your business to El Salvador to protect against future litigation. But yeah right it’s all MICAs fault 😂😂

Nose getting bigger n bigger every time he opens his mouth.

bold move 🐝

🤣 maybe USDT doesn't actually have the collateral to park it there. Show me the proof. Decentralized Stablecoin matter more then ever!! #Digidollar

And tether has never had a real audit. I'm sure that has nothing to do with it.

Reserve could tighten liquidity, not sure if that’s really dangerous though

His explanation makes sense

this is a very roundabout way to say that tether is backed by nothing and they issue it out of thin air

It just depends who you trust. Do you trust Tether who keep minting new USDT tokens or do you trust European banks... so I don't quite agree with what he is saying. USDT has always been a little bit shady everyone has known for a while.

Tether 🤣

Excellent points imo. The banks won't keep the cash on hand. Tether has endured multiple large redemption / bank runs and have to plan for such scenarios

Yeah or Tether is just unbacked, so not compliant anyways! Who could've thought...

Europe is getting rid of dishonest players from the continent. And @tether , @binance , @HTX_Global , @MEXC and others are the biggest criminals on the crypto market. Fuck all of them!!

How could be “uninsured” “dangerous” while you are working with banks under supervision of European Central Bank and country financial authorities!? Then there are billions of deposits like that now 💀💀🤦♂️🤦♂️😭 smart way to avoid legalization

BS they just don't want to give up their option to freeze people's funds and they just want to keep minting unlimited amount of USDT without backing. They can fuck off.

You are right , I totally agree and EU is so corrupt your bank deposit would be sent to Ukraine. Trust is based on merit , not on a license. 😎

Paolo is obviously correct in his assessment. It would be irresponsible to enroll into such an unbacked scheme.

👀

Well we've seen what happens to Russian funds. Who would trust European banks. They can't even remain neutral in a conflict they're supposedly not even involved in.

Sicuro? Oppure senza audit (dato che non si sa come sia collateralizzato usdt) non può? E come mai da quando usdt non viene mintato btc non sale?!

whether you like Tether or not, that 60% bank deposit rule deserves scrutiny

Common Europe L

@DigPerspectives Bullshit. Release the audit
