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Tether rejects EU stablecoin rules requiring 60% bank deposits, citing user risk and liquidity concerns.

Market News
24 Sep 2026
CrowdFundInsider
View Source
Bearish
Tether rejects EU stablecoin rules requiring 60% bank deposits, citing user risk and liquidity concerns.

Tether has declined to seek authorization under the EU's MiCA framework because it mandates that at least 60% of stablecoin reserves be held as deposits in commercial banks. CEO Paolo Ardoino argues this rule would reduce reserve safety by replacing liquid U.S. Treasuries with uninsured bank deposits, exposing around 400 million USDT holders to risk if banks fail or face large withdrawals. As a result, USDT will be removed from regulated EU exchanges by July 2026, though personal custody remains legal. Tether may reconsider if the EU adopts safer, more flexible liquidity rules, but for now, USDT will stay off licensed European platforms.

Tether's refusal to comply with Europe's MiCA stablecoin rules is the subject, with Pluang market data providing context as of Sep 24, 2026 23:22 WIB. Of 50 major cryptocurrencies priced on Pluang, 43 rose and 6 fell today. Notable movers include CAKE at Rp49.621 with an 8.99% increase, EOS at Rp12.649 up 8.13%, and FIL at Rp17.812 rising 7.52%.

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