Stablecoins
Never realized but still famous: Facebook’s Diem (formerly Libra) project unleashed an unseen regulatory attention around the world: EU-Commission, the ECB, the FED, the FSB, the G7, the FATF. What followed was FATF’s travel rule or EU’s MiCA. In the meantime, stablecoins, such as USDT or USDC, with seemingly continuously rising market caps have developed rapidly. How is the European industry positioning itself in this new market and what role do international actors play in that regard?