A stablecoin that is not backed by sufficient collateral will avoid regulatory compliance to prevent delisting, as demonstrated by USDT's decision to be delisted from the European Union rather than submit to MiCA audits that would reveal its lack of backing.
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USDT delisted in EU they move $4 trillion in EU would they give that up if they could pass MICA?
Added:This is not financial advice. This is not legal advice legal advice. This is just further evidence that everything I've been telling you guys for over a year about USDT has to be 100% true. Okay?
I've been telling you guys for the longest time that USDT is a Ponzi scheme. They refuse to submit to a real audit. That's why they stayed off of US soil because then they'd be subject to US regulations.
Everything about USDT to me screams Ponzi schemes, screams scam. And I got a lot of negative feedback from a lot of people who said I did not know what I was talking about. And I told you guys that eventually Tether would get delisted in the European Union because they couldn't meet micro micro requirements. And of course, I got a lot of negative feedback about that. And now look, USDT is being delisted delisted in a European Union because they can't meet MiCA standards. Guys, think about this logically, okay? Put your your your other biases to the side, but think about this logically. USDT moves about $4 trillion.
$4 trillion just in the European Union alone.
Do you think they want to lose that revenue?
Do you think if they weren't a Ponzi scheme, if they >> [snorts] >> had collateral to match every single USDT, they wouldn't have submitted to the audit and passed the micro regulations?
Of course they would. Nobody's going to voluntarily give up $4 trillion in revenue. They're not going to do that.
They were moving $4 trillion, more or less, in the European Union alone.
So, instead of submitting to the audit, submitting to the micro regulations, they decided to allow themselves to be delisted in the European Union.
No company that didn't have questionable tactics or questionable accounting practices would lose $4 trillion when all they had to do was submit to the audits, meet the micro regulations, and continue that $4 trillion that's moving through the European Union every single year.
Guys, when you see a company that doesn't want to be audited, when you see a company that doesn't want you to see their real books, that is a very telling sign that they're running some questionable type of practices, and I've noticed this about USDT for over a year now, and I've been telling you guys that I think it's a Ponzi scheme for the longest time now, and now I am 99.999% sure that they're full of it, okay? USDT is full of it because they let themselves be delisted in the European Union because they couldn't meet micro requirements, and all micro requirements were for them to be audited, to make sure that every USDT was backed by a real US dollar or some type of liquid collateral.
And now we find out obviously it's not backed by anything, okay? It's not backed by anything.
But if it was backed one for one they would have allowed Mica to do the audit, they would have met the Mica requirements, and USDT would not be delisted in the European Union, okay?
And that's another reason why they created a separate separate stablecoin for the United States of America because they knew USDT once the regulations come down, they're going to be banned in the United States also, okay? Almost guaranteed. Almost guaranteed.
Because USDT, in my opinion, and I've been saying this for a long time, those USDT tokens are not backed by anything because if they were, they would have submitted to audit and ended all the controversy.
But they know they can't pass the audit because it's a Ponzi scheme, in my opinion.
Anyway, please leave some comments. Tell me what you think. Do you think USDT would willingly willingly give up $4 trillion in in European Union revenue or movement if they could submit to a real audit?
Anyway, have a great day. God bless, and I appreciate y'all on this journey with me.
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