Tether's 60% Problem: MiCA's deposit rule spurs ECB to rewrite stablecoin rules
60% of a $10B stablecoin means $6B parked in banks — but only $600M stays liquid. 💶 That's the arithmetic that made Tether walk away from the EU's MiCA rules on September 22. Now the ECB is rewriting the deposit mandate itself. Tether says no to the 60%