Tether Rejects MiCA License Due to Regulatory Issues According to Paolo Ardoino, CEO of Tether, The company has decided against applying for a license under the Markets in Crypto-Assets (MiCA) framework of the European Union. He contended that by mandating issuers to retain a sizable portion of reserves as uninsured cash deposits in smaller European banks, some clauses could weaken the durability of stablecoins. Ardoino claims that this strategy could raise financial risk and provide difficulties at times of high redemption demand. Tether feels that the present MiCA framework does not offer the optimal balance between safety and liquidity, even though it is still in favor of transparent and effective regulation. The business claims that serving more than 400 million customers worldwide and preserving the stability of USDT are its top priorities.@Binance Square Official @Binance BiBi @Binance South Africa Official $BNB