Tether's CEO Paolo Ardoino revealed the company refused to seek EU MiCA authorization because the regulation requires major stablecoin issuers to hold at least 60% of their reserves in commercial bank deposits. Ardoino argues this concentration increases counterparty risk, citing the 2023 Silicon Valley Bank collapse as an example of potential reserve access issues. The European Central Bank and other EU central banks have expressed similar concerns and recommended replacing fixed deposit thresholds with liquidity-based requirements, though MiCA's current rules remain unchanged. Tether continues to operate without MiCA authorization, holding most reserves in U.S. government-backed instruments and short-term liquidity facilities, with assets exceeding liabilities by about $4.11 billion as of Q2 2026.
Tether's USDT is trading at Rp17.889 on Pluang as of Sep 23, 2026 02:02 WIB, showing a modest 1-day gain of 0.54%. Despite the regulatory challenges in the EU, USDT maintains a substantial market cap of Rp3.268,6 trillion and a high 24-hour trading volume of Rp1.722,86 trillion. The platform data also reveals a selling bias with 66% of order activity being sell orders, while the typical hold time is relatively long at 88 days, indicating steady investor interest amid ongoing regulatory debates.
The European Central Bank and EU national central banks recommend changing MiCA's fixed 30% and 60% bank deposit reserve requirements for stablecoins to liquidity-based rules focused on asset maturity. They warn that current rules could cause stress ...
Anchorage Digital has chosen LayerZero as its preferred partner to provide interoperability for stablecoins issued through its federally chartered bank. The first token to use LayerZero's Omnichain Fungible Token (OFT) standard is Tether's USAT, enab...
In Venezuela, scammers are exploiting the widespread use of USDT stablecoins by sending fake USDT tokens with zero value to merchants during checkout. These counterfeit tokens mimic real USDT contracts and appear valid in self-custody wallets, tricki...
Tether minted $500 million worth of USDT on the Solana blockchain in less than 60 minutes, adding to Solana's existing $3.8-$4 billion USDT supply. This surge, alongside a simultaneous $250 million USDC mint by Circle on Solana, indicates strong dema...
TRON's stablecoin market cap grew by about $4.8 billion in 90 days, driven mainly by Tether's USDT, which now exceeds $94 billion on the network. This surpasses Ethereum's USDT supply by over $9 billion, largely due to TRON's lower transaction fees, ...
