Key Highlights

• Warren Buffett’s Berkshire Hathaway maintains an unchanged 400 million share position in Coca-Cola established in the early 1990s, generating approximately $848 million in annual dividend income
• The beverage giant distributes a quarterly dividend of $0.53 per share with a 2.5% yield and boasts an unbroken 64-year record of dividend increases, earning Dividend King status
• Shares traded at $83.93 Friday morning, approaching the 52-week peak of $84.14, with the company commanding a $361 billion market capitalization
• Institutional investors control 70.26% of outstanding shares; QRG Capital Management expanded its holdings by 20.2% in Q1 with the addition of 76,998 shares
• Analyst consensus points to Moderate Buy with an $86.88 mean price objective, suggesting limited upside potential from present trading levels

For more than thirty years, Coca-Cola (KO) has functioned as one of Warren Buffett’s most dependable cash flow engines, and the trajectory continues unchanged in 2026.

The Coca-Cola Company, KO

Buffett’s Berkshire Hathaway maintains ownership of 400 million shares in the beverage giant — a position completed in 1994, when Coca-Cola’s dividends contributed $75 million annually to Berkshire’s coffers. Fast forward to 2026, and that identical stake is projected to generate approximately $848 million in dividend payments. Remarkably, the annual dividend income now surpasses Berkshire’s entire original investment in the company.

Shares of KO began Friday’s session at $83.93, mere cents below the 52-week high of $84.14. The stock currently carries a price-to-earnings ratio of 26.39, with the 50-day simple moving average positioned at $80.18 and the 200-day average at $76.72.

The company’s latest quarterly performance exceeded Wall Street’s expectations. For Q1, Coca-Cola delivered earnings per share of $0.86, surpassing the analyst consensus estimate of $0.81 by five cents. Quarterly revenue registered at $12.47 billion, beating the anticipated $12.24 billion and representing an 11.4% year-over-year increase. Management has provided full-year 2026 EPS guidance ranging from $3.24 to $3.27.

The company distributed its quarterly dividend of $0.53 per share on July 1st, translating to an annualized distribution of $2.12 and yielding approximately 2.5%. The current payout ratio stands at 66.67%.

Six Decades of Uninterrupted Dividend Increases

Coca-Cola has achieved 64 consecutive years of dividend growth, establishing its credentials as a distinguished Dividend King. Buffett has frequently highlighted this reliability in his annual letters to shareholders.

“Growth occurred every year, just as certain as birthdays,” he noted in his 2022 letter. “All Charlie and I were required to do was cash Coke’s quarterly dividend checks.”

This unwavering consistency explains why institutional capital continues gravitating toward the stock. Institutions collectively hold 70.26% of outstanding shares. During the first quarter, QRG Capital Management expanded its position by 20.2%, purchasing 76,998 additional shares to reach a total stake valued at approximately $34.8 million. Jump Financial dramatically increased its holding by 450.5% in Q2. Meanwhile, Osterweis Capital Management boosted its position by an impressive 548.2% during the same quarter.

Wall Street Outlook and Corporate Insider Transactions

Analyst sentiment remains predominantly optimistic. TD Cowen maintains a Buy recommendation with a $90.00 price objective. Morgan Stanley established an $89.00 target in June. JPMorgan upgraded its price target from $83 to $85 alongside an Overweight rating, while Deutsche Bank lifted its forecast from $83 to $86. Across 16 analysts providing coverage, the average price target settles at $86.88.

The analyst community features fifteen Buy ratings and one Hold recommendation. Zero Sell ratings are currently active.

Regarding insider activity, Chairman James Quincey divested 436,296 shares on June 5th at an average price of $80.13, totaling approximately $35 million. EVP Jennifer Mann sold 100,000 shares on June 8th at $79.46. Both sales were executed through pre-established Rule 10b5-1 trading plans and connected to tax obligations on vesting equity compensation.

Corporate insiders maintain ownership of 0.90% of the company’s total shares.

French police have arrested two suspected fraudsters accused of stealing about $1.8 million in cryptoassets from a wealthy couple during a fake villa sale after a year-long investigation.

According to French newspaper Var-Matin, French police from the Gassin–Saint-Tropez gendarmerie arrested a mother and her son on June 25 at a rented villa in Cavalaire-sur-Mer. The pair are accused of orchestrating a sophisticated “rip deal” that targeted a couple from Ramatuelle who had placed their villa, valued at around €10 million (about $12 million), on the market in the spring of 2025.

According to the report, the suspects presented themselves as intermediaries acting for a wealthy Italian buyer and invited the sellers to Milan for negotiations. There, the supposed buyer allegedly offered to pay more than the asking price but required proof that the sellers could cover €1.5 million ($1.8 million) in transaction-related costs through cryptoassets before completing the purchase.

How the alleged crypto theft was carried out

French investigators said the second meeting in Milan became the turning point in the scheme. According to the Gassin–Saint-Tropez gendarmerie, the suspects asked to verify that the required cryptoassets existed before the transaction proceeded.

Investigators believe the pair secretly obtained the victims’ wallet information by distracting them while using hidden cameras integrated into a pair of glasses to capture sensitive wallet credentials. Authorities alleged the suspects gained access to the account details and private security keys before immediately draining the crypto holdings.

Following what the gendarmerie described as a long and complex investigation, officers identified the suspects despite their use of false identities and their frequent travel across France. The defendants, who reportedly live in the Paris region and have prior criminal records for similar offenses, denied the allegations during police questioning.

The suspects have been placed under judicial supervision and are scheduled to appear before the Draguignan Criminal Court on Sept. 1. They face charges including organized fraud and failure to justify financial resources.

Meanwhile, French courts have ordered the seizure of three Côte d’Azur properties linked to the suspects with an estimated combined value of €1.9 million pending the outcome of the case.

France faces continued rise in crypto-related crime

Although investigators classified the incident as a classic “rip deal” rather than a violent crypto extortion case, the alleged theft comes as France continues to record a growing number of crimes targeting digital asset holders.

Earlier this week, as reported by crypto.news, French Interior Minister Laurent Nuñez said authorities had recorded 77 cases involving kidnapping, unlawful detention, extortion or attempted offenses connected to the crypto sector in 2026, up from 45 cases in 2025.

Nuñez told industry representatives that the incidents were “serious matters” while saying emergency security measures introduced over the past year had started to produce results. He also said roughly 200 people had been arrested following attacks or preventive operations, while 724 industry participants had enrolled in France’s immediate identification platform, an 11% increase.

Separately, crypto journalist Joe Nakamoto previously said, as reported by crypto.news, that France accounts for about 70% of reported physical attacks against crypto holders and their families.

Nakamoto also reported 41 crypto-linked kidnappings in the country so far in 2026, averaging roughly one incident every two and a half days. His figures describe so-called “crypto wrench attacks,” in which criminals use violence, threats, kidnapping, or home invasions to force victims or their relatives to surrender access to digital assets.

While the Ramatuelle case relied on deception instead of physical coercion, investigators say it demonstrates how criminals are adapting traditional real estate fraud schemes to target cryptocurrency owners.

Key Takeaways

• President Trump revealed $1.4 billion in cryptocurrency-related income during 2025 while serving in office
• Revenue sources included his Official Trump memecoin ($636M), World Liberty Financial ($594M), and stablecoin projects ($197M)
• In a CNBC interview, Trump maintained the earnings were entirely lawful and without impropriety
• Ethics watchdogs contend he’s monetizing the presidency while his government shapes cryptocurrency regulations
• Digital asset companies have poured $189 million into 2026 campaign financing to date

President Donald Trump stood by his cryptocurrency earnings following federal filings that revealed he generated no less than $1.4 billion from blockchain-based ventures throughout 2025. His remarks came during a Thursday White House conversation with CNBC reporters.

During the interview, Trump asserted there was “nothing wrong” or “nothing illegal” regarding the compensation. He further claimed incomplete knowledge of his portfolio’s full scope, stating to CNBC: “I could know about it. I didn’t.”

The financial disclosure originated from the US Office of Government Ethics. The figures positioned Trump as the highest-earning cryptocurrency participant in American governmental circles.

Revenue Stream Analysis

The financial breakdown revealed approximately $636 million connected to his Official Trump memecoin, which debuted one day prior to his inauguration. Nearly $594 million originated from World Liberty Financial, a digital currency enterprise he established alongside his sons. An additional stablecoin operation contributed almost $197 million to the total.

Trump transferred operational management of his commercial interests to his two adult sons upon assuming presidential duties. However, he retained ownership of these assets.

Altogether, Trump documented exceeding $2 billion in earnings from various business activities and investment portfolios in 2025. Cryptocurrency ventures represented the lion’s share of that amount.

Ethical Concerns Emerge

Watchdog organizations have characterized the income as exploitative profiteering. Their argument centers on Trump simultaneously influencing cryptocurrency policy frameworks while collecting substantial industry profits.

His current administration participates actively in deliberations surrounding the Digital Asset Market Clarity Act. Proposed legislation prohibiting central bank digital currencies also awaits his executive approval.

Mary Trump, the president’s family member, remarked during a CNN appearance: “Donald is once again pushing the envelope and nobody is putting the brakes on it.”

She expressed concern that individuals who invested in Trump-affiliated projects may have experienced genuine monetary losses.

These revelations surface as Bitcoin has plummeted approximately 50% from its peak valuation exceeding $126,000 reached in October. The wider cryptocurrency marketplace experienced significant downward pressure during the initial months of 2026.

Industry’s Escalating Campaign Contributions

The cryptocurrency sector has significantly amplified its political expenditures. Following an estimated $170 million directed toward 2024 electoral contests, blockchain-affiliated organizations have donated $189 million toward 2026 races through June, based on Public Citizen consumer advocacy data.

That sum constitutes the majority of $294 million deployed by cryptocurrency, artificial intelligence, technology corporations, and digital gambling enterprises during this electoral period.

The entire 435-member House of Representatives and 35 Senate positions face voters in 2026. Trump’s presidential tenure extends through January 2029.

Trump previously labeled Bitcoin a “scam” following his initial presidential term. He subsequently reversed this stance before the 2024 election, cultivating relationships with prominent cryptocurrency industry leaders.

“The existing AML registration process with the FCA, which is much narrower, is already incredibly demanding, with the FCA rejecting or forcing the withdrawal of over 85% of applications,” he said in an emailed comment. The new framework introduces substantially broader requirements covering Consumer Duty, prudential standards, operational resilience and senior management accountability.

Cattee also cautioned firms against delaying applications, pointing to MiCA’s rollout in Europe, where many firms waited until deadlines approached, creating licensing bottlenecks that left some businesses without authorization in time.

For institutional investors, however, the new framework represents more significant than just another crypto rulebook.

Sandy Jones, director of digital assets at Baillie Gifford, said regulation does not automatically make crypto safer but provides the legal certainty and standards of governance needed for traditional financial (TradFi) institutions to adopt blockchain-based infrastructure.

“The underlying technology is powerful, but it does not create a direct path into mainstream financial markets on its own,” Jones said. “You need legal clarity, operational resilience, proper governance and rules that investors and institutions can recognise.”

Jones also welcomed the FCA’s recent refinements to its stablecoin regime, arguing they create robust settlement infrastructure without imposing unnecessary operational friction.

The industry’s responses suggest the FCA has deliberately positioned the U.K. as a commercially pragmatic alternative to Europe’s MiCA regime. But whether that translates into firms choosing Britain over other jurisdictions will depend less on the framework’s ambition than on how predictably it is implemented over the coming months.

Revolut, the UK-headquartered digital banking platform, has informed some users that it will delist the Tether USDt (USDT) stablecoin starting in July, with the full removal scheduled for Aug. 31, 2026. The company says the decision is driven by “regulatory and risk considerations,” highlighting how stablecoin access is being reshaped across mainstream financial apps as rules tighten.

According to a customer notice reviewed by Cointelegraph, users will stop being able to buy USDT beginning July 6, 2026. Revolut will continue to support USDT until the end of August, but any USDT not sold or withdrawn by then will be automatically converted into the user’s base currency using that day’s exchange rate.

Key takeaways

• Revolut will block USDT purchases from July 6, 2026, followed by full delisting on Aug. 31, 2026.
• USDT deposits will no longer be supported after July 30, 2026, with incoming transfers rejected.
• Users who still hold USDT at the end of August will be converted into base currency at the applicable exchange rate.
• Revolut cited only broad “regulatory and risk considerations,” without specifying which framework applies.
• The move fits a wider European pattern of stablecoin delistings tied to the EU’s MiCA regime.

Timeline for Revolut users

Revolut’s notice lays out a phased exit for USDT within its platform. The first restriction comes earlier than the final delisting: users will no longer be able to buy USDT starting July 6, 2026. That effectively limits new exposure to USDT well ahead of the end date, giving holders time to decide whether to sell or withdraw.

Support for deposits ends later, on July 30, 2026. From that point, any attempted USDT transfer into Revolut’s system will be rejected, narrowing the options for users who might have planned to move stablecoins into their accounts after the purchase restriction begins.

If users do not act before the end of August, Revolut says it will automatically convert remaining USDT holdings into the user’s base currency on the day’s exchange rate. That detail matters for anyone using USDT as a temporary parking asset or settlement tool inside a broader workflow, because it removes the ability to hold stablecoins through the delisting date without triggering conversion.

Revolut’s regulatory rationale remains vague

While Revolut attributes the delisting to “regulatory and risk considerations,” it does not spell out which specific rules or jurisdictions are behind the decision. The notice also does not clarify whether the changes apply globally or only to certain markets where Revolut operates under particular regulatory constraints.

For readers trying to understand the practical impact, the lack of jurisdictional clarity leaves an open question: whether the delisting is limited to particular European locations, or whether the company is preparing a broader policy that could affect users beyond the EU. Cointelegraph reported that it contacted Revolut for comment on affected jurisdictions and the scope of its crypto offering but did not receive a response by publication.

What is clear from public regulatory records is that Revolut received a Markets in Crypto-Assets (MiCA) license as a crypto asset service provider (CASP in November 2025. The authorization was issued by the Cyprus Securities and Exchange Commission (CySEC), according to the European Securities and Markets Authority’s (ESMA) MiCA register. You can review ESMA’s MiCA information through its official page: ESMA’s MiCA overview.

Why Europe’s stablecoin delistings keep accelerating

Revolut’s decision follows a broader European trend in which exchanges and crypto service providers have reduced or removed access to USDT as they adjust to MiCA compliance expectations. Earlier coverage from Cointelegraph noted that exchanges began delisting USDT in Europe in 2024 to align with MiCA requirements, including Coinbase’s preparations to delist USDT in Europe: Cointelegraph report on Coinbase’s move.

The key tension is that MiCA does not only regulate how crypto services are delivered; it also imposes obligations on stablecoin issuers and the stablecoin ecosystem, which in turn affects whether specific products can continue being offered by regulated platforms. In practice, CASPs can decide that the compliance burden—or the perceived regulatory risk—does not justify continuing a stablecoin listing.

Cointelegraph’s reporting also describes the issuer side of this story: Tether has refused to comply with MiCA, and CASPs have gradually delisted USDT across Europe since late 2024. In earlier coverage, Cointelegraph pointed to Tether’s stance, including the issuer’s critique of aspects of the MiCA framework—such as reserve requirements for certain stablecoin issuers and the stipulation that part of reserves be held with EU credit institutions. See Cointelegraph’s related reporting: Tether’s refusal to comply with MiCA.

Tether CEO Paolo Ardoino has publicly argued that the legislation is poorly designed. Cointelegraph previously noted Ardoino’s comments to the outlet, including criticism of the EU rules, as well as his concerns about reserve-related provisions and how they apply. According to Cointelegraph, Ardoino told the publication that MiCA is “very not well thought legislation.”

Market stakes: USDT’s size vs. platform constraints

Even as USDT’s presence shrinks on some regulated platforms, it remains one of the largest stablecoins in the market. Cointelegraph reported that USDT is currently the third-largest crypto asset by market capitalization after Bitcoin and Ether, with a market value of $184 billion at the time of publication. It also cited CoinGecko data indicating that USDC—Circle’s stablecoin—has a $73 billion market cap and ranks as the fifth-largest crypto asset.

This mismatch—USDT’s scale versus the willingness (or ability) of platforms to keep listing it—illustrates how stablecoin distribution increasingly depends on regulatory alignment, not just liquidity or demand. For users, that can translate into operational friction: stablecoin rails that once felt “always available” can change under compliance reviews, leaving customers with forced exits or automated conversions like the one Revolut describes.

It also underlines an important practical point for traders and builders: stablecoin availability on on-ramps and app-based finance is becoming a policy issue. Even when a stablecoin remains liquid in broader markets, individual providers may reduce access based on issuer compliance positions, platform risk assessments, or specific interpretations of regulatory expectations.

For now, USDT’s delisting path on Revolut is scheduled in clear steps, but the broader question is still unsettled—whether Revolut’s actions will remain local to certain jurisdictions or expand across its entire user base. As more CASPs adapt their stablecoin listings to MiCA, market participants should watch for additional platform announcements, potential switches in preferred stablecoins, and whether issuer compliance disputes continue to narrow access on mainstream financial apps.

Bitcoin investors have entered an average unrealized loss of about 20%, while a key on-chain cost basis indicator has climbed to roughly $76,700, creating a resistance level that analysts say is weighing on the market.

According to CryptoQuant analyst Darkfost, Bitcoin’s True Market Mean (TMM) currently stands near $76,700, a level that represents the average acquisition cost of active Bitcoin holders rather than the entire supply. The indicator excludes long-dormant and partially lost coins, making it a measure of the cost basis for actively traded Bitcoin.

Darkfost said the TMM has become an important resistance level because a similar situation played out in May, when Bitcoin approached the same price area, and many investors chose to sell at break-even instead of continuing to hold.

At the same time, Bitcoin (BTC) traded at $62,596 at press time on July 4, up 1.67% over the previous 24 hours but still well below the TMM level, leaving much of the active investor base underwater.

Active holder cost basis remains above market price

Alongside the TMM, Darkfost examined the Active Value to Investor Value (AVIV) ratio, which compares Bitcoin’s market value with the cost basis of active holders. According to the analyst, the ratio is hovering around 0.8, placing Bitcoin in what he described as a valuation discount zone.

Based on the AVIV reading, Darkfost estimated that active Bitcoin investors are currently carrying an average unrealized loss of around 20%.

Historical data shared by the analyst shows that previous bear-market bottoms pushed the AVIV ratio down to roughly 0.5–0.6, levels associated with average investor losses of 40% to 50%. Although current conditions indicate widespread losses, Darkfost said the market has not yet reached those historical extremes.

Even so, the analyst argued that Bitcoin may not need to revisit such deeply discounted levels before recovering, particularly because the asset has attracted much stronger adoption during the current market cycle.

He added, however, that institutional participation has not changed Bitcoin’s long-term cyclical behavior and said investors should remain cautious despite continued capital inflows over recent years.

Institutional demand faces new test

The on-chain assessment comes as CryptoQuant separately reported that Bitcoin’s next major rally could require more than $1 trillion in additional capital because of the cryptocurrency’s much larger market value.

According to the firm’s research, roughly $697 billion has entered Bitcoin since 2022, producing gains of about 689%, a smaller return than earlier market cycles despite the substantial inflows.

Institutional demand has also softened in recent weeks as U.S. spot Bitcoin exchange-traded funds recorded sustained net outflows, raising questions about whether fresh capital can return quickly enough to support another strong advance.

Corporate adoption, however, continues to expand. Strategy, the largest publicly traded corporate Bitcoin holder with more than 847,000 BTC, is evaluating ways to generate liquidity from its holdings without selling them. Galaxy Digital said the company could potentially earn recurring income through conservative lending or options-based strategies while preserving its long-term Bitcoin position.

Beyond corporate treasuries, blockchain infrastructure is also drawing attention from companies developing artificial intelligence systems. Industry participants have argued that autonomous AI agents will likely require programmable payment networks, with blockchain-based payment systems and stablecoins emerging as possible foundations for machine-to-machine transactions even though large-scale adoption is still expected to take several years.

President Donald Trump’s memecoin has generated a reported $636 million payout for him while nearly 1 million buyers have collectively lost $3.81 billion, according to newly analyzed blockchain data and financial disclosures.

According to a report by The New York Times, citing blockchain analytics firm Nansen, 988,905 wallets that bought the Official Trump (TRUMP) memecoin had recorded cumulative losses of $3.81 billion through the end of June. Nansen said the figure includes both realized losses and paper losses held by investors who have not yet sold their tokens.

The analysis followed the release of Trump’s 2025 financial disclosure, which showed he received a $636 million payout tied to the TRUMP memecoin. The filing also disclosed at least $1.4 billion in crypto-related income during the reporting period, largely connected to licensing agreements linked to the memecoin and token sales by Trump-backed World Liberty Financial (WLFI).

Unlike retail buyers, Trump benefited from trading activity regardless of whether the token price rose or fell because the venture generated revenue from transactions, The New York Times reported. During the token’s launch, Trump repeatedly promoted the memecoin on Truth Social, encouraging supporters to purchase it.

Three days before his January inauguration, Trump introduced the TRUMP memecoin, describing it on social media as a way for supporters to join his community. Since then, the token has fallen sharply from its peak. Nansen said the memecoin traded at about $1.76 on Friday, roughly 97% below its all-time high of $75.35.

Retail investors absorbed most of the losses

According to Nansen, roughly two out of every three wallets that purchased the TRUMP token have lost money. The firm also found that fewer than 500,000 wallets generated about $4 billion in combined profits, with gains concentrated among a relatively small group of early participants who entered before the price surged.

The report said automated traders and experienced crypto investors typically capitalize on the rapid price swings common in memecoins by buying early and selling into retail demand. Nansen concluded that most profits were captured by this smaller group, while later buyers accounted for the majority of losses.

One investor interviewed by The New York Times, Nicholas Pinto, said he invested roughly $500,000 in the TRUMP token after supporting Trump in the 2024 election and estimated he had lost about half of that investment. Pinto argued that Trump’s public position encouraged confidence among buyers and described the project as “almost a legal scam.”

Responding to criticism, White House spokeswoman Anna Kelly told The New York Times that Trump had made the United States the “crypto capital of the world” and said his actions were taken in the interests of the American people.

Crypto earnings continue to draw political scrutiny

In a recent CNBC interview, Trump said he was unaware that his crypto ventures had generated at least $1.4 billion, adding that he could know the exact amount if he wanted to and insisting there was nothing improper about earning money from digital assets. He also said he had no plans to distance himself or his family from their crypto businesses.

World Liberty Financial has also faced losses among investors. According to Nansen, 85% of the 26,663 WLFI wallets it tracked were underwater, recording combined losses of about $83 million compared with roughly $23 million in profits. The firm noted that the actual losses are likely much larger because many secondary-market transactions on exchanges cannot be traced publicly.

The financial disclosure has also intensified political debate in Washington. Sen. Kirsten Gillibrand recently renewed her call for ethics rules that would prohibit government officials and their spouses from creating or promoting crypto memecoins while Congress considers the CLARITY Act.

According to Gillibrand, Senate negotiations are also examining stablecoin yields, anti-money laundering safeguards, and ethics provisions before lawmakers move the legislation forward.

Revolut, a crypto-friendly digital banking platform headquartered in the United Kingdom, notified some users it will delist Tether USDt (USDT) stablecoin in August, citing regulatory and risk concerns.

In a Friday customer notice seen by Cointelegraph, Revolut said users will no longer be able to buy USDT starting July 6, with full delisting scheduled for Aug. 31, 2026.

If users do not sell or withdraw their USDT by the end of August, Revolut will automatically convert any remaining USDT holdings into users’ base currency at the day’s exchange rate, the company said.

USDT deposits will no longer be supported after July 30, 2026, after which any incoming USDT transfers will be rejected, it said.

The move highlights how major fintech companies are adjusting stablecoin access in response to shifting regulatory frameworks. It also raises questions about timing, as exchanges such as Coinbase began delisting USDT in Europe in 2024 to align with EU’s Markets in Crypto-Assets (MiCA) requirements.

Revolut does not cite exact framework for delisting

Revolut has not clarified whether the USDT delisting will apply globally or only in specific jurisdictions.

Addressing the reasons for delisting USDT, Revolut cited “regulatory and risk considerations” without expanding what regulations specifically have triggered the move.

Source: Cointelegraph

The company was granted a MiCA license as a crypto asset service provider (CASP) in November 2025, according to the official register by European Securities and Markets Authority (ESMA). The license was issued by the Cyprus Securities and Exchange Commission (CySEC).

Related: EU crypto rulebook faces enforcement challenge as MiCA transition ends

Cointelegraph approached Revolut for comment on the affected jurisdictions and the scope of its crypto offering but did not receive a response by the time of publication.

Tether refused to comply with MiCA

Tether’s USDT has been gradually delisted by CASPs in Europe since late 2024 as the stablecoin’s issuer refused to comply with the EU’s MiCA regulation.

The company’s CEO, Paolo Ardoino, has repeatedly criticized perceived flaws in MiCA, including reserve requirements that apply to certain stablecoin issuers and require part of their reserves to be held with EU credit institutions.

Source: Cointelegraph

“I think it’s a very not well thought legislation,” Ardoino told Cointelegraph in an interview last year.

At the time of publication, USDT is the third-largest crypto asset by market capitalization after Bitcoin and Ether, with a market value of $184 billion. Its largest competitor, Circle’s USDC, has a $73 billion market cap and ranks as the fifth-largest crypto asset, according to CoinGecko.

Magazine: Crypto wanted to overthrow banks, now it’s becoming them in stablecoin fight