Why MiCA May Not Be the Solution to the Stablecoin Crisis
The introduction of MiCA, Europe's landmark crypto regulation, was intended to bring an end to the unregulated era of stablecoins. On paper, the framework appears robust, with features such as proof of reserves, capital requirements, and redemption rules. However, in practice, MiCA does little to mitigate the systemic risks that could arise when stablecoins become integrated into the global finan…
Nov. 1, 2025, 1 p.m.