Tether CEO Slams EU Rules, Calls Digital Euro “Dangerous”

Tether CEO Paolo Ardoino has issued a strong warning about the digital euro and the European Union’s upcoming MiCA regulations for stablecoins, calling them “very dangerous” to both innovation and user freedom.

In a recent interview, Ardoino explained why Tether, the issuer of the world’s largest stablecoin USDT, chose to avoid seeking approval under the EU's MiCA framework. He argued that the rules give too much control to central banks, potentially allowing them to freeze funds, track every transaction, and limit how people use their money.

Ardoino also questioned the motives behind the digital euro, the European Central Bank's (ECB) central bank digital currency (CBDC). He described it as a surveillance tool that could reduce financial privacy and put stablecoins like USDT at a disadvantage.

Why this matters:

• Privacy concerns: Critics fear CBDCs like the digital euro may allow governments to monitor and control spending habits.

• Stablecoin competition: Strict rules may push major crypto companies like Tether out of the EU, limiting choices for users.

• Regulatory clarity vs. control: While MiCA aims to regulate crypto fairly, some fear it may go too far and suppress innovation.

As Europe pushes ahead with new crypto laws, Tether’s resistance shows how divided the global crypto industry remains on how digital assets should be controlled.

Will privacy or regulation win this battle?

Tell us what you think in the comments, and follow Trafy.io for more critical insights on global crypto policy shifts.