In a recent statement, Paolo Ardoino, CEO of Tether, has sounded the alarm on the potential consequences of the newly approved MiCA regulations for both the banking system and stablecoin issuers. With the implementation of MiCA, the European Union's proposed framework for regulating crypto-assets, Ardoino cautions that there could be significant systemic risk introduced to the banking sector. He highlights the need for careful consideration and collaboration between regulators, banks, and stablecoin issuers to mitigate any potential negative impacts on the financial landscape.