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Tether CEO Torches EU Deposit Protections: ‘Like Spitting on a Fire’ as Banking Cracks Widen
Tether CEO Torches EU Deposit Protections: ‘Like Spitting on a Fire’ as Banking Cracks Widen
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Tether’s CEO just dropped a Molotov cocktail on EU banking safeguards—calling deposit guarantees ‘useless theater’ amid rising bank failure alarms. Here’s why stablecoins might be the only life raft left when traditional finance starts sinking.
Banking on bureaucracy? The EU’s ‘protection’ scheme would barely cover your espresso habit if another Credit Suisse domino falls. Meanwhile, Tether’s $83B reserves laugh from the sidelines.
Wake-up call: When the guy printing digital dollars calls your safety net ‘spitting on a fire,’ maybe it’s time to rethink who’s actually insolvent—the banks or the system propping them up.
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