The European Union’s new regulation on digital assets poses serious challenges for stablecoins, with Tether at the forefront of concerns. Paolo Ardoino, CEO of Tether, voiced his criticisms at a recent Dubai conference, labeling the MiCA (Markets in Crypto-Assets) framework as highly dangerous for stablecoins. Ardoino emphasized that Tether does not plan to comply with these regulations, highlighting the potential adverse effects on their operations. A significant requirement of MiCA mandates that European banks must keep a minimum of 60% of reserves in insured deposits. This could lead to the potential delisting of Tether (USDT) across European exchanges, significantly impacting its availability for users. As regulatory pressures mount, Tether’s strategy could reshape the stablecoin market.