Editorial
The market for digital dollars is swelling into the trillions. What began with private issuers like Tether’s USDT and Circle’s USDC is no longer their domain alone. States are stepping in with on-chain tokens pioneered by Wyoming, while banks such as JPMorgan, Custodia, and Vantage are piloting
Editorial
Europe wrote the toughest crypto regulation in the world. But writing rules is one thing, enforcing them is another. When GDPR came into force, everyone was supposed to comply. Cookie banners popped up everywhere, and yet behind the banners, the vast majority are still tracking users beyond the limitations of
Editorial
Europe built the world’s most ambitious stablecoin framework. But under stress, MiCA’s redemption guarantee could become the very weapon that drains EU reserves. USDC minted in the EU is MiCA-compliant and carries a par redemption right. USDC minted offshore does not. Yet on-chain they are indistinguishable: