hey so i had read how tether says they are leaving europe
because of the new MICA LAW
but now i see 2 company backed by the tether just launched new stable coin in europe that's EURR & USDR
they say these coin follow the rule but they still use
tether tech behind their scene
so it feel like tether did not really leaves they just changed cloths kind of funny isn't
i am not sure how to feel about it
like on one hand they are following the law
on the other
it feels like they are just finding a way to stay without saying it out that loud
i am wondering what do you think
is these smart is it sneaky or just how business work this day
This was never about tech. This was about a license, demanded reserves in EU countries, and full transparency of those reserves. Which are good requirements for any backed stable coins no matter how you look at it. I don't know how other regions just want to trust them blindly. Good luck if that bankrun ever happens.
Also with quick googling, i don't see USDR or EURR being offered in any exchanges that delisted usdt from european citizens.