繫繩首席執行官警告歐洲銀行因風險貸款和新的加密貨幣規則而導致歐洲銀行失敗

繫繩首席執行官保羅·阿多利諾（Paolo Ardoino）在歐洲金融體系中發出警報，警告說，一波銀行失敗可能在不久的將來襲擊大陸

Tether CEO Paolo Ardoino has sounded the alarm on Europe's financial system, warning that a wave of bank failures could hit the continent in the near future due to the intersection of risky lending and new cryptocurrency rules.

Tether CEO Paolo Ardoino在歐洲的金融體系中發出了警告，警告說，由於風險貸款和新的加密貨幣規則的交匯處，一波銀行失敗可能會在不久的將來襲擊該大陸。

Speaking during an interview with the Less Noise More Signal podcast, Ardoino took aim at the European Union's regulatory framework for stablecoins, which he said pushes companies like Tether to keep the bulk of their reserves—up to 60%—in uninsured bank deposits.

在接受較少的噪音播客的採訪時，阿多利諾（Ardoino）瞄準了歐盟對穩定的監管框架，他說，這將推動像Tether這樣的公司在沒有保險的銀行存款中保持大部分儲備（至60％）。

In his scenario, that could mean holding 6 billion euros of a 10 billion euros-pegged stablecoin in small banks with minimal protection. "The bank insurance in Europe is only 100,000 euros," he said. "If you have 1 billion euros, that's like spitting on a fire."

在他的情況下，這可能意味著在小銀行中持有60億歐元的100億歐元的穩定股，而保護很少。他說：“歐洲的銀行保險只有100,000歐元。” “如果您有10億歐元，那就像吐火一樣。”

European banks, like every other bank, operate on a fractional reserve, Ardoino added. "They can lend out 90% of it to people that want to buy a house, start a business, and all of that." In his hypothetical 6 billion euros scenario, this would mean 5.4 billion euros would be lent out by the bank.

Ardoino補充說，像其他每家銀行一樣，歐洲銀行也經營著部分儲備。 “他們可以將90％的人借給想要購買房屋，開展業務的人，以及所有這些。”在他的假設60億歐元的情況下，這意味著該銀行將藉出54億歐元。

He likened the setup to the lead-up to Silicon Valley Bank's collapse in 2023, when a flood of redemptions exposed the mismatch between deposits and actual liquidity. Ardoino warned that European banks operate under similar fractional reserve models that could unravel quickly. A 20% redemption event, he estimated, could leave banks short billions.

他將該設置比作矽谷銀行在2023年倒塌的領先地位，當時大量的贖回暴露了存款與實際流動性之間的不匹配。 Ardoino警告說，歐洲銀行在類似的分數儲備模型下運營，這些模型可能會迅速解散。他估計，一項20％的贖回活動可能會使銀行短缺數十億美元。

"As a stablecoin issuer, you go bankrupt — not because of you, but because of the bank. So the bank goes bankrupt and you go bankrupt, and the government would say, 'Told you so, stablecoins are very dangerous'," Ardoino said.

“作為一名穩定的發行人，你會破產 - 不是因為你，而是因為銀行。所以銀行破產了，你破產了，政府會說，'''''''''''''

Institutions in Europe, he added, are making regulations to try to help banks in the bloc and bring them liquidity, but this created "huge systemic risk." The largest banks in Europe, like UBS, would "not bank stablecoins," pushing stablecoin issuers to use smaller banks, furthering the risk.

他補充說，歐洲的機構正在製定法規，試圖幫助銀行中的銀行並帶來流動性，但這造成了“巨大的系統性風險”。像瑞銀（UBS）一樣，歐洲最大的銀行將“不銀行穩定銀行”（Bank Stablecoins）促使穩定發行人使用較小的銀行，從而促進風險。