# Why Tether skipped an EU licence: the 60% bank rule — QANATONE > Tether CEO Paolo Ardoino said the company chose not to seek a MiCA licence for USDT because of a rule to hold 60% of reserves in banks. Kaynak: https://www.qanatone.com/en/haber/tether-mica-lisansi-almadi/ --- [News](https://www.qanatone.com/en/haber/) # Why Tether skipped an EU licence: the 60% bank rule 22 Sep 2026 1 min read News · Finance Tether CEO Paolo Ardoino said the company chose not to seek a MiCA licence for USDT because of a rule to hold 60% of reserves in banks. ## What he said On September 22, Tether CEO Paolo Ardoino said the company deliberately chose not to seek authorisation for USDT under the EU's Markets in Crypto-Assets regulation, MiCA. The reason is one rule: significant stablecoin issuers must hold at least 60% of their reserves as commercial bank deposits. Smaller issuers face a 30% threshold. Ardoino has long argued that moving most reserves out of liquid government securities and into banks would make USDT less safe. ## Central banks question the rule too His comments landed as the European Central Bank and other EU central banks proposed scrapping that very requirement. In the Commission's MiCA review, the European System of Central Banks suggested replacing the deposit mandate with a liquidity rule based on assets maturing within one to five working days. Their worry is that large, volatile stablecoin deposits could expose banks to sudden withdrawals. The proposal has not been adopted, and the 60% rule still applies. ## For European users Several regulated platforms seeking MiCA compliance have removed or restricted USDT, while rival issuers have pursued European authorisation. Unless the rule changes, trading USDT on licensed European platforms will stay difficult. ## More articles [News · Policy ### Trump renames AI "super intelligence" 22 Sep 2026 · 1 min](https://www.qanatone.com/en/haber/trump-yapay-zeka-super-zeka/)[News · Models ### Xiaomi's open MiMo-V2.6 catches up with Grok 4.7 22 Sep 2026 · 1 min](https://www.qanatone.com/en/haber/xiaomi-mimo-v2-6/)[News · Science ### AbbVie teams up with Iambic on AI-designed drugs 21 Sep 2026 · 1 min](https://www.qanatone.com/en/haber/abbvie-iambic-yapay-zeka-ilac/)[News · Models ### xAI ships Grok 4.7: a bigger model at the same price 21 Sep 2026 · 1 min](https://www.qanatone.com/en/haber/grok-4-7-cikti/)[News · Policy ### KTLEV share manipulation probe: 15 detained 21 Sep 2026 · 1 min](https://www.qanatone.com/en/haber/ktlev-manipulasyon-sorusturmasi/)[News · Ads ### ChatGPT ads move on to sponsored agents 18 Sep 2026 · 1 min](https://www.qanatone.com/en/haber/chatgpt-sponsorlu-ajanlar/)[News · Finance ### Coinbase files for 24/7 stock perpetuals in the US 18 Sep 2026 · 1 min](https://www.qanatone.com/en/haber/coinbase-hisse-vadeli-kontrat/)[News · Policy ### Gemini broke into three real companies during a test 18 Sep 2026 · 1 min](https://www.qanatone.com/en/haber/gemini-testte-gercek-sistemlere-girdi/)