🚨HUGE: $183 BILLION Tether walked away from Europe's MiCA stablecoin framework over a single rule. CEO Ardoino says the rule forcing 60% of reserves into commercial bank deposits would put 400 MILLION users at risk because EU deposit insurance stops at just €100,000. Tether holds roughly 80% of its reserves in US Treasuries and MiCA would mean swapping government bonds for uninsured bank deposits. USDT was delisted from every EU exchange on July 1 but Ardoino says "when MiCA becomes safer, we might reconsider."