Will MICAR break the Euro?

Europe wants to lead in digital money—but is its own regulation setting it up to fail?

In this episode of MetaMarkets, Jan Fritsche and Jón Egilsson are joined by Hana to unpack why Europe’s stablecoin rules could backfire.

We discuss how MiCAR—the EU’s flagship crypto law—might actually increase risk, tilt the playing field in favor of big banks, and unintentionally help the U.S. dollar win the digital currency race.

You’ll hear:

• Why the euro isn’t as “singular” or safe as it should be under current rules

• How a stablecoin tied to a bank could be under distress, as USDC once was

• Why Europe is forcing stablecoins to rely on banks they’re supposed to compete with

• What could happen if the next financial shock hits 

• What needs to change if the euro wants to stay relevant in a digitized world