MiCA Won’t Save Us from a Stablecoin Crisis. It Might be Building One

Europe's new crypto regulation, MiCA, aims to tame stablecoins, but it may inadvertently shift money from banks, disrupt lending, and create new financial risks. Central bankers warn of potential dangers, and stablecoin issuers might evade regulations by moving operations offshore. Despite MiCA's progress, Europe risks building new financial fragilities as stablecoins' impact grows faster than our understanding.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.