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Tether CEO Paolo Ardoino Warns ‘Many’ European Banks Will Blow Up In Next Few Years – Here’s Why
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Tether CEO Paolo Ardoino Warns ‘Many’ European Banks Will Blow Up in Next Few Years – Here’s Why - The Daily Hodl
Paolo Ardoino, the chief executive of USDT issuer Tether, thinks many European banks will “blow up” in the coming years. In a new interview with Pascal Hügli, Ardoino blasts European Union stablecoin regulations, arguing that they increase systemic risk to the economy rather than doing the opposite. “So remember, their regulation was pushing us to keep 60% of our reserves in uninsured cash deposits in Europe. So let’s make this simple math calcu…
Tether CEO Paolo Ardoino Warns ‘Many’ European Banks Will Blow Up In Next Few Years – Here’s Why
Paolo Ardoino, the chief executive of USDT issuer Tether, thinks many European banks will “blow up” in the coming years. In a new interview with Pascal Hügli, Ardoino blasts European Union stablecoin regulations, arguing that they increase systemic risk to the economy rather than doing the opposite. “So remember, their regulation was pushing us to keep 60% of our reserves in uninsured cash deposits in Europe. So let’s make this simple math calcu…
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