Nattapong Sangthong
NoviceI've been wondering the same thing. My gut says there's definitely some overlap, especially for the more yield-seeking users. Why earn 5% on a stablecoin when you can get 3-4% on ETH with potential appreciation?
I'm more concerned about the interoperability aspect. MiCA seems to lean towards strong national oversight, which could complicate seamless cross-border stablecoin payments within the EU. Are others seeing this as a potential bottleneck?
Honestly, I'm skeptical. Big players always find a way to leverage their scale, regardless of regulation. The compliance burden alone might crush smaller firms.
Project Dunbar was interesting, but I wonder if the focus on CBDCs as a core component of cross-border settlement might actually introduce new regulatory complexities rather than simplifying them.
While regulatory hurdles are significant, I think the sheer complexity of integrating disparate legacy systems across borders is also a huge factor slowing things down.