APREUR
APR Coin / Euro
crypto

I read somewhere where the Tether CEO said they were NOT going to be compliant with MICA because MICA requires them to keep the funds in a European bank and invest through that bank.
European banks are not the best for APR, and they are not securely insured against losses. My take is that they are making huge money by investing independently rather than having to share with any bank. Which makes sense from a business POV.
As well, their dominance is spread far around the world and Europe is a very small % of their reach.

I would not rely on a generic EEA transition notice for an active loan. I would open a support ticket and ask for loan-specific answers in writing: can you repay, add collateral, reduce LTV, close manually, and what exact date any restrictions hit.

Until that is clear, I would lower the risk, not shop for max convenience. Keep enough stablecoins/cash ready to repay, reduce LTV if you can, and screenshot/export the loan terms. If you move elsewhere, compare collateral custody, liquidation LTV, repayment mechanics, and whether the BTC is native or wrapped. The ugly part of crypto-backed loans is usually operational timing, not the headline APR.

I read somewhere where the Tether CEO said they were NOT going to be compliant with MICA because MICA requires them to keep the funds in a European bank and invest through that bank.
European banks are not the best for APR, and they are not securely insured against losses. My take is that they are making huge money by investing independently rather than having to share with any bank. Which makes sense from a business POV.
As well, their dominance is spread far around the world and Europe is a very small % of their reach.

I would not rely on a generic EEA transition notice for an active loan. I would open a support ticket and ask for loan-specific answers in writing: can you repay, add collateral, reduce LTV, close manually, and what exact date any restrictions hit.

Until that is clear, I would lower the risk, not shop for max convenience. Keep enough stablecoins/cash ready to repay, reduce LTV if you can, and screenshot/export the loan terms. If you move elsewhere, compare collateral custody, liquidation LTV, repayment mechanics, and whether the BTC is native or wrapped. The ugly part of crypto-backed loans is usually operational timing, not the headline APR.