Bitcoin, Fiat & Rock'n'Roll

State of Stablecoins 2026: Architecture, Power, and Risk

April 19, 2026·41 min
Episode Description from the Publisher

Michael unpacks his new FERI study on stablecoins: the two-pillar model, dollar dominance by design, MiCAR vs. GENIUS Act, reserve risks, and why agentic AI changes everything for institutions.

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