EU MiCA Stablecoin Regulation Don Face Yawa As Bank of Italy Point Out Gaps, Tether Risks Show Market No Sure What Go Happen

Di Europe, dem way dem dey control stablecoins dey under serious look-see, as Italy central bank oga, Fabio Panetta, don raise alarm say EU own law wey dem call Markets in Crypto-Assets (MiCA) no too strong. Panetta warn say MiCA no give full protection against stablecoin wahala, im say na small company like Circle (USDC) only get approval, but big big ones like Tether (USDT) no register, and dis one make market dey uncertain. If dem com remove Tether from Europe exchanges, e go directly affect stablecoin money wey dey flow and how dem dey trade for di region. Panetta still point out say, because international law no dey uniform, European investors still dey exposed, even with MiCA. Im warn say if digital money join banking system too much, e fit spoil financial stability if people no sabi difference between crypto and normal bank money. Im talk say make dem bring out digital euro (CBDC) to keep dia money control and reduce how dem dey depend on US stablecoins. Meanwhile, Circle wey don follow MiCA rule, Stripe wey don enter stablecoin payment, and banks wey dey show interest for stablecoin integration, all dis one show say stablecoins dey enter mainstream well well, and dia market cap don pass $250 billion by 2025. In general, di news show say regulatory problem dey, but stablecoin use for Europe still dey grow fast, and dis one mean say market go still dey volatile and crypto trading fit change.
Bearish
Dis news bad for big stablecoins, especially USDT, because dem fit remove Tether from European exchanges under dis MiCA law, wey go straight affect how dem dey take trade am and use am for Europe. Dem no too sure about dis law matter, and Bank of Italy don criticize am, so e show say dem go dey watch am well well and dem fit put limit on trading. Dis fit make traders no get confidence, make price go up and down anyhow, and make am hard to access for small time. Even though stablecoin market dey grow—as Circle don show say dem dey follow law and their market cap don big—the quick quick wahala wey come from law palava and wetin go happen to stablecoins wey no follow law don outweigh the good good adoption wey dey happen for now. For long run, if dem make law clear and if digital euro fit come, e fit change market share, but for now, the future of stablecoins wey dey affected still bad.