Anton Golub’s Post

Tether (USDT) Will NEVER Comply with EU 🇪🇺 regulation I will say it loud and clear: There is NO upside for Tether to comply with MiCA regulation. Europe thinks it can regulate stablecoins into compliance. MiCA isn’t designed for USDT’s $120 billion dominance. This is reality: - MiCA demands: 60% held in EU banks. - Tether reserves: 0.06% in bank deposits. Tether didn’t become top stablecoin by following TradFi’s outdated playbook. It built a reserve of $102.5 billion in US Treasuries - most liquid, trusted asset globally. That’s why it works. That’s why it grows. Europe? Pushing fragile banking systems as the standard - institutions that collapse under stress. Remember Silicon Valley Bank (SVB)? SVB’s collapse in 2023 trapped $3B in Circle’s USDC reserves. USDC peg crashed to $0.80. Redemptions froze for 48 hours as Coinbase waited for US government’s bailout. Here’s the real issue: 1️⃣ MiCA Ignores How Stablecoins Work MiCA demands reserves in EU bank deposits, but banks reinvest in illiquid Euro bonds. Tether earns billions by holding safe, liquid US Treasuries. Stablecoins don’t work like bank deposits. When trust erodes, users swap for other assets - instantly, globally, 24/7. MiCA’s rules can’t stop this. MiCA just add bureaucracy. 2️⃣ Tether Doesn’t Need Europe USDT dominates 80% of the $203 billion global stablecoin market. Euro-backed stablecoins? $252 million. Tether won’t sacrifice profitability for a market this small. Europe’s red tape doesn’t scare it - Tether ignores it. 3️⃣ MiCA’s Real Goal: Protect Euro Stablecoins MiCA isn’t about innovation. It’s about protecting weak Euro-backed stablecoins that lack liquidity and trust. But forcing issuers into outdated banking systems only increases systemic risks. Hidden Risk? MiCA’s framework doesn’t solve the problem - it creates one. Without USDT, Europe risks cutting itself off from global crypto markets. Liquidity will dry up. Traders will leave. Innovation will follow. ESMA ordered crypto exchanges to: - Delist non-compliant stablecoins by January 2025. - Restrict trading to sell-only mode by March 2025. Tether doesn’t need MiCA. But MiCA needs Tether - or it risks making Europe irrelevant in global crypto economy. Europe is forcing crypto into a box it was never meant to fit. Market will decide - and MiCA’s vision of compliance might be its first casualty. 💬 Agree? Disagree? Let me know below. Follow 👉 Anton Golub for crypto insights & strategy If you like my content, you will love my newsletter. Subscribe and join 6’000+ Crypto & Web3 leaders: antongolub.substack.com

Tether (USDT) Will NEVER Comply with EU 🇪🇺 regulation I will say it loud and clear: There is NO upside for Tether to comply with MiCA regulation. Europe thinks it can regulate stablecoins into compliance. MiCA isn’t designed for USDT’s $120 billion dominance. This is reality: - MiCA demands: 60% held in EU banks. - Tether reserves: 0.06% in bank deposits. Tether didn’t become top stablecoin by following TradFi’s outdated playbook. It built a reserve of $102.5 billion in US Treasuries - most liquid, trusted asset globally. That’s why it works. That’s why it grows. Europe? Pushing fragile banking systems as the standard - institutions that collapse under stress. Remember Silicon Valley Bank (SVB)? SVB’s collapse in 2023 trapped $3B in Circle’s USDC reserves. USDC peg crashed to $0.80. Redemptions froze for 48 hours as Coinbase waited for US government’s bailout. Here’s the real issue: 1️⃣ MiCA Ignores How Stablecoins Work MiCA demands reserves in EU bank deposits, but banks reinvest in illiquid Euro bonds. Tether earns billions by holding safe, liquid US Treasuries. Stablecoins don’t work like bank deposits. When trust erodes, users swap for other assets - instantly, globally, 24/7. MiCA’s rules can’t stop this. MiCA just add bureaucracy. 2️⃣ Tether Doesn’t Need Europe USDT dominates 80% of the $203 billion global stablecoin market. Euro-backed stablecoins? $252 million. Tether won’t sacrifice profitability for a market this small. Europe’s red tape doesn’t scare it - Tether ignores it. 3️⃣ MiCA’s Real Goal: Protect Euro Stablecoins MiCA isn’t about innovation. It’s about protecting weak Euro-backed stablecoins that lack liquidity and trust. But forcing issuers into outdated banking systems only increases systemic risks. Hidden Risk? MiCA’s framework doesn’t solve the problem - it creates one. Without USDT, Europe risks cutting itself off from global crypto markets. Liquidity will dry up. Traders will leave. Innovation will follow. ESMA ordered crypto exchanges to: - Delist non-compliant stablecoins by January 2025. - Restrict trading to sell-only mode by March 2025. Tether doesn’t need MiCA. But MiCA needs Tether - or it risks making Europe irrelevant in global crypto economy. Europe is forcing crypto into a box it was never meant to fit. Market will decide - and MiCA’s vision of compliance might be its first casualty. 💬 Agree? Disagree? Let me know below. Follow 👉 Anton Golub for crypto insights & strategy If you like my content, you will love my newsletter. Subscribe and join 6’000+ Crypto & Web3 leaders: antongolub.substack.com

Tether (USDT) Will NEVER Comply with EU 🇪🇺 regulation I will say it loud and clear: There is NO upside for Tether to comply with MiCA regulation. Europe thinks it can regulate stablecoins into compliance. MiCA isn’t designed for USDT’s $120 billion dominance. This is reality: - MiCA demands: 60% held in EU banks. - Tether reserves: 0.06% in bank deposits. Tether didn’t become top stablecoin by following TradFi’s outdated playbook. It built a reserve of $102.5 billion in US Treasuries - most liquid, trusted asset globally. That’s why it works. That’s why it grows. Europe? Pushing fragile banking systems as the standard - institutions that collapse under stress. Remember Silicon Valley Bank (SVB)? SVB’s collapse in 2023 trapped $3B in Circle’s USDC reserves. USDC peg crashed to $0.80. Redemptions froze for 48 hours as Coinbase waited for US government’s bailout. Here’s the real issue: 1️⃣ MiCA Ignores How Stablecoins Work MiCA demands reserves in EU bank deposits, but banks reinvest in illiquid Euro bonds. Tether earns billions by holding safe, liquid US Treasuries. Stablecoins don’t work like bank deposits. When trust erodes, users swap for other assets - instantly, globally, 24/7. MiCA’s rules can’t stop this. MiCA just add bureaucracy. 2️⃣ Tether Doesn’t Need Europe USDT dominates 80% of the $203 billion global stablecoin market. Euro-backed stablecoins? $252 million. Tether won’t sacrifice profitability for a market this small. Europe’s red tape doesn’t scare it - Tether ignores it. 3️⃣ MiCA’s Real Goal: Protect Euro Stablecoins MiCA isn’t about innovation. It’s about protecting weak Euro-backed stablecoins that lack liquidity and trust. But forcing issuers into outdated banking systems only increases systemic risks. Hidden Risk? MiCA’s framework doesn’t solve the problem - it creates one. Without USDT, Europe risks cutting itself off from global crypto markets. Liquidity will dry up. Traders will leave. Innovation will follow. ESMA ordered crypto exchanges to: - Delist non-compliant stablecoins by January 2025. - Restrict trading to sell-only mode by March 2025. Tether doesn’t need MiCA. But MiCA needs Tether - or it risks making Europe irrelevant in global crypto economy. Europe is forcing crypto into a box it was never meant to fit. Market will decide - and MiCA’s vision of compliance might be its first casualty. 💬 Agree? Disagree? Let me know below. Follow 👉 Anton Golub for crypto insights & strategy If you like my content, you will love my newsletter. Subscribe and join 6’000+ Crypto & Web3 leaders: antongolub.substack.com

Tether (USDT) Will NEVER Comply with EU 🇪🇺 regulation I will say it loud and clear: There is NO upside for Tether to comply with MiCA regulation. Europe thinks it can regulate stablecoins into compliance. MiCA isn’t designed for USDT’s $120 billion dominance. This is reality: - MiCA demands: 60% held in EU banks. - Tether reserves: 0.06% in bank deposits. Tether didn’t become top stablecoin by following TradFi’s outdated playbook. It built a reserve of $102.5 billion in US Treasuries - most liquid, trusted asset globally. That’s why it works. That’s why it grows. Europe? Pushing fragile banking systems as the standard - institutions that collapse under stress. Remember Silicon Valley Bank (SVB)? SVB’s collapse in 2023 trapped $3B in Circle’s USDC reserves. USDC peg crashed to $0.80. Redemptions froze for 48 hours as Coinbase waited for US government’s bailout. Here’s the real issue: 1️⃣ MiCA Ignores How Stablecoins Work MiCA demands reserves in EU bank deposits, but banks reinvest in illiquid Euro bonds. Tether earns billions by holding safe, liquid US Treasuries. Stablecoins don’t work like bank deposits. When trust erodes, users swap for other assets - instantly, globally, 24/7. MiCA’s rules can’t stop this. MiCA just add bureaucracy. 2️⃣ Tether Doesn’t Need Europe USDT dominates 80% of the $203 billion global stablecoin market. Euro-backed stablecoins? $252 million. Tether won’t sacrifice profitability for a market this small. Europe’s red tape doesn’t scare it - Tether ignores it. 3️⃣ MiCA’s Real Goal: Protect Euro Stablecoins MiCA isn’t about innovation. It’s about protecting weak Euro-backed stablecoins that lack liquidity and trust. But forcing issuers into outdated banking systems only increases systemic risks. Hidden Risk? MiCA’s framework doesn’t solve the problem - it creates one. Without USDT, Europe risks cutting itself off from global crypto markets. Liquidity will dry up. Traders will leave. Innovation will follow. ESMA ordered crypto exchanges to: - Delist non-compliant stablecoins by January 2025. - Restrict trading to sell-only mode by March 2025. Tether doesn’t need MiCA. But MiCA needs Tether - or it risks making Europe irrelevant in global crypto economy. Europe is forcing crypto into a box it was never meant to fit. Market will decide - and MiCA’s vision of compliance might be its first casualty. 💬 Agree? Disagree? Let me know below. Follow 👉 Anton Golub for crypto insights & strategy If you like my content, you will love my newsletter. Subscribe and join 6’000+ Crypto & Web3 leaders: antongolub.substack.com

Tether (USDT) Will NEVER Comply with EU 🇪🇺 regulation I will say it loud and clear: There is NO upside for Tether to comply with MiCA regulation. Europe thinks it can regulate stablecoins into compliance. MiCA isn’t designed for USDT’s $120 billion dominance. This is reality: - MiCA demands: 60% held in EU banks. - Tether reserves: 0.06% in bank deposits. Tether didn’t become top stablecoin by following TradFi’s outdated playbook. It built a reserve of $102.5 billion in US Treasuries - most liquid, trusted asset globally. That’s why it works. That’s why it grows. Europe? Pushing fragile banking systems as the standard - institutions that collapse under stress. Remember Silicon Valley Bank (SVB)? SVB’s collapse in 2023 trapped $3B in Circle’s USDC reserves. USDC peg crashed to $0.80. Redemptions froze for 48 hours as Coinbase waited for US government’s bailout. Here’s the real issue: 1️⃣ MiCA Ignores How Stablecoins Work MiCA demands reserves in EU bank deposits, but banks reinvest in illiquid Euro bonds. Tether earns billions by holding safe, liquid US Treasuries. Stablecoins don’t work like bank deposits. When trust erodes, users swap for other assets - instantly, globally, 24/7. MiCA’s rules can’t stop this. MiCA just add bureaucracy. 2️⃣ Tether Doesn’t Need Europe USDT dominates 80% of the $203 billion global stablecoin market. Euro-backed stablecoins? $252 million. Tether won’t sacrifice profitability for a market this small. Europe’s red tape doesn’t scare it - Tether ignores it. 3️⃣ MiCA’s Real Goal: Protect Euro Stablecoins MiCA isn’t about innovation. It’s about protecting weak Euro-backed stablecoins that lack liquidity and trust. But forcing issuers into outdated banking systems only increases systemic risks. Hidden Risk? MiCA’s framework doesn’t solve the problem - it creates one. Without USDT, Europe risks cutting itself off from global crypto markets. Liquidity will dry up. Traders will leave. Innovation will follow. ESMA ordered crypto exchanges to: - Delist non-compliant stablecoins by January 2025. - Restrict trading to sell-only mode by March 2025. Tether doesn’t need MiCA. But MiCA needs Tether - or it risks making Europe irrelevant in global crypto economy. Europe is forcing crypto into a box it was never meant to fit. Market will decide - and MiCA’s vision of compliance might be its first casualty. 💬 Agree? Disagree? Let me know below. Follow 👉 Anton Golub for crypto insights & strategy If you like my content, you will love my newsletter. Subscribe and join 6’000+ Crypto & Web3 leaders: antongolub.substack.com

Tether (USDT) Will NEVER Comply with EU 🇪🇺 regulation I will say it loud and clear: There is NO upside for Tether to comply with MiCA regulation. Europe thinks it can regulate stablecoins into compliance. MiCA isn’t designed for USDT’s $120 billion dominance. This is reality: - MiCA demands: 60% held in EU banks. - Tether reserves: 0.06% in bank deposits. Tether didn’t become top stablecoin by following TradFi’s outdated playbook. It built a reserve of $102.5 billion in US Treasuries - most liquid, trusted asset globally. That’s why it works. That’s why it grows. Europe? Pushing fragile banking systems as the standard - institutions that collapse under stress. Remember Silicon Valley Bank (SVB)? SVB’s collapse in 2023 trapped $3B in Circle’s USDC reserves. USDC peg crashed to $0.80. Redemptions froze for 48 hours as Coinbase waited for US government’s bailout. Here’s the real issue: 1️⃣ MiCA Ignores How Stablecoins Work MiCA demands reserves in EU bank deposits, but banks reinvest in illiquid Euro bonds. Tether earns billions by holding safe, liquid US Treasuries. Stablecoins don’t work like bank deposits. When trust erodes, users swap for other assets - instantly, globally, 24/7. MiCA’s rules can’t stop this. MiCA just add bureaucracy. 2️⃣ Tether Doesn’t Need Europe USDT dominates 80% of the $203 billion global stablecoin market. Euro-backed stablecoins? $252 million. Tether won’t sacrifice profitability for a market this small. Europe’s red tape doesn’t scare it - Tether ignores it. 3️⃣ MiCA’s Real Goal: Protect Euro Stablecoins MiCA isn’t about innovation. It’s about protecting weak Euro-backed stablecoins that lack liquidity and trust. But forcing issuers into outdated banking systems only increases systemic risks. Hidden Risk? MiCA’s framework doesn’t solve the problem - it creates one. Without USDT, Europe risks cutting itself off from global crypto markets. Liquidity will dry up. Traders will leave. Innovation will follow. ESMA ordered crypto exchanges to: - Delist non-compliant stablecoins by January 2025. - Restrict trading to sell-only mode by March 2025. Tether doesn’t need MiCA. But MiCA needs Tether - or it risks making Europe irrelevant in global crypto economy. Europe is forcing crypto into a box it was never meant to fit. Market will decide - and MiCA’s vision of compliance might be its first casualty. 💬 Agree? Disagree? Let me know below. Follow 👉 Anton Golub for crypto insights & strategy If you like my content, you will love my newsletter. Subscribe and join 6’000+ Crypto & Web3 leaders: antongolub.substack.com

Tether (USDT) Will NEVER Comply with EU 🇪🇺 regulation I will say it loud and clear: There is NO upside for Tether to comply with MiCA regulation. Europe thinks it can regulate stablecoins into compliance. MiCA isn’t designed for USDT’s $120 billion dominance. This is reality: - MiCA demands: 60% held in EU banks. - Tether reserves: 0.06% in bank deposits. Tether didn’t become top stablecoin by following TradFi’s outdated playbook. It built a reserve of $102.5 billion in US Treasuries - most liquid, trusted asset globally. That’s why it works. That’s why it grows. Europe? Pushing fragile banking systems as the standard - institutions that collapse under stress. Remember Silicon Valley Bank (SVB)? SVB’s collapse in 2023 trapped $3B in Circle’s USDC reserves. USDC peg crashed to $0.80. Redemptions froze for 48 hours as Coinbase waited for US government’s bailout. Here’s the real issue: 1️⃣ MiCA Ignores How Stablecoins Work MiCA demands reserves in EU bank deposits, but banks reinvest in illiquid Euro bonds. Tether earns billions by holding safe, liquid US Treasuries. Stablecoins don’t work like bank deposits. When trust erodes, users swap for other assets - instantly, globally, 24/7. MiCA’s rules can’t stop this. MiCA just add bureaucracy. 2️⃣ Tether Doesn’t Need Europe USDT dominates 80% of the $203 billion global stablecoin market. Euro-backed stablecoins? $252 million. Tether won’t sacrifice profitability for a market this small. Europe’s red tape doesn’t scare it - Tether ignores it. 3️⃣ MiCA’s Real Goal: Protect Euro Stablecoins MiCA isn’t about innovation. It’s about protecting weak Euro-backed stablecoins that lack liquidity and trust. But forcing issuers into outdated banking systems only increases systemic risks. Hidden Risk? MiCA’s framework doesn’t solve the problem - it creates one. Without USDT, Europe risks cutting itself off from global crypto markets. Liquidity will dry up. Traders will leave. Innovation will follow. ESMA ordered crypto exchanges to: - Delist non-compliant stablecoins by January 2025. - Restrict trading to sell-only mode by March 2025. Tether doesn’t need MiCA. But MiCA needs Tether - or it risks making Europe irrelevant in global crypto economy. Europe is forcing crypto into a box it was never meant to fit. Market will decide - and MiCA’s vision of compliance might be its first casualty. 💬 Agree? Disagree? Let me know below. Follow 👉 Anton Golub for crypto insights & strategy If you like my content, you will love my newsletter. Subscribe and join 6’000+ Crypto & Web3 leaders: antongolub.substack.com

Tether (USDT) Will NEVER Comply with EU 🇪🇺 regulation I will say it loud and clear: There is NO upside for Tether to comply with MiCA regulation. Europe thinks it can regulate stablecoins into compliance. MiCA isn’t designed for USDT’s $120 billion dominance. This is reality: - MiCA demands: 60% held in EU banks. - Tether reserves: 0.06% in bank deposits. Tether didn’t become top stablecoin by following TradFi’s outdated playbook. It built a reserve of $102.5 billion in US Treasuries - most liquid, trusted asset globally. That’s why it works. That’s why it grows. Europe? Pushing fragile banking systems as the standard - institutions that collapse under stress. Remember Silicon Valley Bank (SVB)? SVB’s collapse in 2023 trapped $3B in Circle’s USDC reserves. USDC peg crashed to $0.80. Redemptions froze for 48 hours as Coinbase waited for US government’s bailout. Here’s the real issue: 1️⃣ MiCA Ignores How Stablecoins Work MiCA demands reserves in EU bank deposits, but banks reinvest in illiquid Euro bonds. Tether earns billions by holding safe, liquid US Treasuries. Stablecoins don’t work like bank deposits. When trust erodes, users swap for other assets - instantly, globally, 24/7. MiCA’s rules can’t stop this. MiCA just add bureaucracy. 2️⃣ Tether Doesn’t Need Europe USDT dominates 80% of the $203 billion global stablecoin market. Euro-backed stablecoins? $252 million. Tether won’t sacrifice profitability for a market this small. Europe’s red tape doesn’t scare it - Tether ignores it. 3️⃣ MiCA’s Real Goal: Protect Euro Stablecoins MiCA isn’t about innovation. It’s about protecting weak Euro-backed stablecoins that lack liquidity and trust. But forcing issuers into outdated banking systems only increases systemic risks. Hidden Risk? MiCA’s framework doesn’t solve the problem - it creates one. Without USDT, Europe risks cutting itself off from global crypto markets. Liquidity will dry up. Traders will leave. Innovation will follow. ESMA ordered crypto exchanges to: - Delist non-compliant stablecoins by January 2025. - Restrict trading to sell-only mode by March 2025. Tether doesn’t need MiCA. But MiCA needs Tether - or it risks making Europe irrelevant in global crypto economy. Europe is forcing crypto into a box it was never meant to fit. Market will decide - and MiCA’s vision of compliance might be its first casualty. 💬 Agree? Disagree? Let me know below. Follow 👉 Anton Golub for crypto insights & strategy If you like my content, you will love my newsletter. Subscribe and join 6’000+ Crypto & Web3 leaders: antongolub.substack.com

Tether (USDT) Will NEVER Comply with EU 🇪🇺 regulation I will say it loud and clear: There is NO upside for Tether to comply with MiCA regulation. Europe thinks it can regulate stablecoins into compliance. MiCA isn’t designed for USDT’s $120 billion dominance. This is reality: - MiCA demands: 60% held in EU banks. - Tether reserves: 0.06% in bank deposits. Tether didn’t become top stablecoin by following TradFi’s outdated playbook. It built a reserve of $102.5 billion in US Treasuries - most liquid, trusted asset globally. That’s why it works. That’s why it grows. Europe? Pushing fragile banking systems as the standard - institutions that collapse under stress. Remember Silicon Valley Bank (SVB)? SVB’s collapse in 2023 trapped $3B in Circle’s USDC reserves. USDC peg crashed to $0.80. Redemptions froze for 48 hours as Coinbase waited for US government’s bailout. Here’s the real issue: 1️⃣ MiCA Ignores How Stablecoins Work MiCA demands reserves in EU bank deposits, but banks reinvest in illiquid Euro bonds. Tether earns billions by holding safe, liquid US Treasuries. Stablecoins don’t work like bank deposits. When trust erodes, users swap for other assets - instantly, globally, 24/7. MiCA’s rules can’t stop this. MiCA just add bureaucracy. 2️⃣ Tether Doesn’t Need Europe USDT dominates 80% of the $203 billion global stablecoin market. Euro-backed stablecoins? $252 million. Tether won’t sacrifice profitability for a market this small. Europe’s red tape doesn’t scare it - Tether ignores it. 3️⃣ MiCA’s Real Goal: Protect Euro Stablecoins MiCA isn’t about innovation. It’s about protecting weak Euro-backed stablecoins that lack liquidity and trust. But forcing issuers into outdated banking systems only increases systemic risks. Hidden Risk? MiCA’s framework doesn’t solve the problem - it creates one. Without USDT, Europe risks cutting itself off from global crypto markets. Liquidity will dry up. Traders will leave. Innovation will follow. ESMA ordered crypto exchanges to: - Delist non-compliant stablecoins by January 2025. - Restrict trading to sell-only mode by March 2025. Tether doesn’t need MiCA. But MiCA needs Tether - or it risks making Europe irrelevant in global crypto economy. Europe is forcing crypto into a box it was never meant to fit. Market will decide - and MiCA’s vision of compliance might be its first casualty. 💬 Agree? Disagree? Let me know below. Follow 👉 Anton Golub for crypto insights & strategy If you like my content, you will love my newsletter. Subscribe and join 6’000+ Crypto & Web3 leaders: antongolub.substack.com

Tether (USDT) Will NEVER Comply with EU 🇪🇺 regulation I will say it loud and clear: There is NO upside for Tether to comply with MiCA regulation. Europe thinks it can regulate stablecoins into compliance. MiCA isn’t designed for USDT’s $120 billion dominance. This is reality: - MiCA demands: 60% held in EU banks. - Tether reserves: 0.06% in bank deposits. Tether didn’t become top stablecoin by following TradFi’s outdated playbook. It built a reserve of $102.5 billion in US Treasuries - most liquid, trusted asset globally. That’s why it works. That’s why it grows. Europe? Pushing fragile banking systems as the standard - institutions that collapse under stress. Remember Silicon Valley Bank (SVB)? SVB’s collapse in 2023 trapped $3B in Circle’s USDC reserves. USDC peg crashed to $0.80. Redemptions froze for 48 hours as Coinbase waited for US government’s bailout. Here’s the real issue: 1️⃣ MiCA Ignores How Stablecoins Work MiCA demands reserves in EU bank deposits, but banks reinvest in illiquid Euro bonds. Tether earns billions by holding safe, liquid US Treasuries. Stablecoins don’t work like bank deposits. When trust erodes, users swap for other assets - instantly, globally, 24/7. MiCA’s rules can’t stop this. MiCA just add bureaucracy. 2️⃣ Tether Doesn’t Need Europe USDT dominates 80% of the $203 billion global stablecoin market. Euro-backed stablecoins? $252 million. Tether won’t sacrifice profitability for a market this small. Europe’s red tape doesn’t scare it - Tether ignores it. 3️⃣ MiCA’s Real Goal: Protect Euro Stablecoins MiCA isn’t about innovation. It’s about protecting weak Euro-backed stablecoins that lack liquidity and trust. But forcing issuers into outdated banking systems only increases systemic risks. Hidden Risk? MiCA’s framework doesn’t solve the problem - it creates one. Without USDT, Europe risks cutting itself off from global crypto markets. Liquidity will dry up. Traders will leave. Innovation will follow. ESMA ordered crypto exchanges to: - Delist non-compliant stablecoins by January 2025. - Restrict trading to sell-only mode by March 2025. Tether doesn’t need MiCA. But MiCA needs Tether - or it risks making Europe irrelevant in global crypto economy. Europe is forcing crypto into a box it was never meant to fit. Market will decide - and MiCA’s vision of compliance might be its first casualty. 💬 Agree? Disagree? Let me know below. Follow 👉 Anton Golub for crypto insights & strategy If you like my content, you will love my newsletter. Subscribe and join 6’000+ Crypto & Web3 leaders: antongolub.substack.com