系绳首席执行官警告欧洲银行因风险贷款和新的加密货币规则而导致欧洲银行失败

系绳首席执行官保罗·阿多利诺（Paolo Ardoino）在欧洲金融体系中发出警报，警告说，一波银行失败可能在不久的将来袭击大陆

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在欧洲的金融体系中发出了警告，警告说，由于风险贷款和新的加密货币规则的交汇处，一波银行失败可能会在不久的将来袭击该大陆。

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.

在接受较少的噪音播客的采访时，阿多利诺（Ardoino）瞄准了欧盟对稳定的监管框架，他说，这将推动像Tether这样的公司在没有保险的银行存款中保持大部分储备（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."

在他的情况下，这可能意味着在小银行中持有60亿欧元的100亿欧元的稳定股，而保护很少。他说：“欧洲的银行保险只有100,000欧元。” “如果您有10亿欧元，那就像吐火一样。”

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补充说，像其他每家银行一样，欧洲银行也经营着部分储备。 “他们可以将90％的人借给想要购买房屋，开展业务的人，以及所有这些。”在他的假设60亿欧元的情况下，这意味着该银行将借出54亿欧元。

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.

他将该设置比作硅谷银行在2023年倒塌的领先地位，当时大量的赎回暴露了存款与实际流动性之间的不匹配。 Ardoino警告说，欧洲银行在类似的分数储备模型下运营，这些模型可能会迅速解散。他估计，一项20％的赎回活动可能会使银行短缺数十亿美元。

"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.

“作为一名稳定的发行人，你会破产 - 不是因为你，而是因为银行。所以银行破产了，你破产了，政府会说，'''''''''''''

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.

他补充说，欧洲的机构正在制定法规，试图帮助银行中的银行并带来流动性，但这造成了“巨大的系统性风险”。像瑞银（UBS）一样，欧洲最大的银行将“不银行稳定银行”（Bank Stablecoins）促使稳定发行人使用较小的银行，从而促进风险。