circle has 12 months to solve an unsolvable problem
usdc can't comply with both mica and genius act using one token. eu requires 30% reserves in eu banks, us requires 100% in us treasuries
same address can't redeem through both systems. $35b liquidity splits into usdc-us and usdc-eu. defi protocols need separate pools for each. price divergence nearly guaranteed
usdc can't comply with both mica and genius act using one token. eu requires 30% reserves in eu banks, us requires 100% in us treasuries
same address can't redeem through both systems. $35b liquidity splits into usdc-us and usdc-eu. defi protocols need separate pools for each. price divergence nearly guaranteed
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