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Samson Mow
@Excellion
RT
@zachxbt: you are missing the part where MiCA compliance is incredibly flawed and requires issuers to take on unreasonable amounts of risk by forcing them to keep 60% reserves in low quality EU banks settling for unfair regulations which only hurt your users is not good (it’s a valid concern as we saw the USDC depeg due to SVB exposure)
@zachxbt: you are missing the part where MiCA compliance is incredibly flawed and requires issuers to take on unreasonable amounts of risk by forcing them to keep 60% reserves in low quality EU banks settling for unfair regulations which only hurt your users is not good (it’s a valid concern as we saw the USDC depeg due to SVB exposure)
@zachxbt
you are missing the part where MiCA compliance is incredibly flawed and requires issuers to take on unreasonable amounts of risk by forcing them to keep 60% reserves in low quality EU banks
settling for unfair regulations which only hurt your users is not good (it’s a valid concern as we saw the USDC depeg due to SVB exposure)
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