[Paolo Ardoino: European Central Banks Are Pressuring to Remove MiCA Stablecoin Reserve Requirements] Tether CEO Paolo Ardoino revealed that European central banks are pressuring Brussels to remove the mandatory provisions in MiCA regarding stablecoin reserves. These provisions require major stablecoin issuers to deposit 60% of their reserve funds into commercial banks. Tether had previously abandoned its application for an EU operating license due to its refusal to comply with this requirement.