Turuosa ülempiirid
24h turumaht
10071
Aktiivsed krüptovaluutad
58.26%
Bitcoin Jaga

‘Like Spitting on a Fire’: Tether CEO Slams EU Deposit Protections Amid Bank Failure Warnings

‘Like Spitting on a Fire’: Tether CEO Slams EU Deposit Protections Amid Bank Failure Warnings


CoinDesk
2025-05-03 15:35:31

Tether CEO Paolo Ardoino is sounding the alarm on Europe’s financial system, warning that a wave of bank failures could hit the continent in the near future due to the intersection of risky lending and new cryptocurrency rules. Ardoino, during an interview with the Less Noise More Signal podcast, took aim at the European Union’s regulatory framework for stablecoins, which he said pushes companies like Tether to keep the bulk of their reserves—up to 60%—in uninsured bank deposits. In his scenario, that could mean holding 6 billion euros of a 10 billion euros-pegged stablecoin in small banks with minimal protection. “The bank insurance in Europe is only 100,000 euros,” he said. “If you have 1 billion euros, that’s like spitting on a fire.” European banks, like every other bank, operate on a fractional reserve, Ardoino added. “They can lend out 90% of it to people that want to buy a house, start a business, and all of that.” In his hypothetical 6 billion euros scenario, this would mean 5.4 billion euros would be lent out by the bank. He likened the setup to the lead-up to Silicon Valley Bank's collapse in 2023, when a flood of redemptions exposed the mismatch between deposits and actual liquidity. Ardoino warned that European banks operate under similar fractional reserve models that could unravel under pressure. A 20% redemption event, he estimated, could leave banks short billions. "As a stablecoin issuer, you go bankrupt — not because of you, but because of the bank. So the bank goes bankrupt and you go bankrupt, and the government would say, ‘Told you so, stablecoins are very dangerous,” Ardoino said. Regulations in Europe, he added, are made to try to help banks in the bloc and bring them liquidity, but this created “huge systemic risk.” The largest banks in Europe, like UBS, would “not bank stablecoins,” pushing stablecoin issuers to use smaller banks, furthering the risk. The comments come as Tether plans to launch a U.S.-based stablecoin product, and as the stablecoin issuer keeps investing in various projects outside of the ecosystem, having recently raised its stake in Latin American producer Adecoagro.


Loe lahtiütlusest : Kogu meie veebisaidi, hüperlingitud saitide, seotud rakenduste, foorumite, ajaveebide, sotsiaalmeediakontode ja muude platvormide ("Sait") siin esitatud sisu on mõeldud ainult teie üldiseks teabeks, mis on hangitud kolmandate isikute allikatest. Me ei anna meie sisu osas mingeid garantiisid, sealhulgas täpsust ja ajakohastust, kuid mitte ainult. Ükski meie poolt pakutava sisu osa ei kujuta endast finantsnõustamist, õigusnõustamist ega muud nõustamist, mis on mõeldud teie konkreetseks toetumiseks mis tahes eesmärgil. Mis tahes kasutamine või sõltuvus meie sisust on ainuüksi omal vastutusel ja omal äranägemisel. Enne nende kasutamist peate oma teadustööd läbi viima, analüüsima ja kontrollima oma sisu. Kauplemine on väga riskantne tegevus, mis võib põhjustada suuri kahjusid, palun konsulteerige enne oma otsuse langetamist oma finantsnõustajaga. Meie saidi sisu ei tohi olla pakkumine ega pakkumine