RE: Tether US Treasury Holdings Surpass Germany: The Future of Stablecoins

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In Europe, Tether is facing closure because the EU requires investments in euros. BlackRock is already further ahead and already has a euro stablecoin in its back pocket. The German bank is now entering the stablecoin business and creating its own euro-based cryptocurrency.

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Europe is cooked though.

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Yes, from the socialists. However, Europe has already regulated the crypto sector recently. The US hasn't yet done so.

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Nobody wants a Euro stable coin. It’s dollars that matter. It’s just the truth

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Yes, private individuals don't want euro stablecoins, but European banks are under pressure from the European Central Bank.

So far, only the USDC stablecoin is eligible in the EU; Tether has already been delisted from crypto exchanges in Europe.

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