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

admin November 1, 2025 Leave a Comment

MiCA deserves credit for imposing order on chaos, but its structure rests on a dangerous assumption: that proof-of-reserves equals proof-of-stability, argues Dr. Daniel D’Alvia. It does not.

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

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