🎥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 small European banks unable to handle redemptions. "I think it's a very not well thought legislation," Ardoino said, adding he "skipped MiCA to protect the 400 million plus users” of Tether.(Coin Bureau)