State of Stablecoins 2026: Architecture, Power, and Risk

About this episode

Michael discusses his FERI study on stablecoins, covering various models and risks involved.

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.

People in this episode

Hosts: Alexander Bechtel, Michael Blaschke, Jonas Gross, Manuel Klein

Guest: Michael

Topics covered

• stablecoins
• financial architecture
• dollar dominance
• regulatory frameworks
• AI impact
• risk management

Keywords

• stablecoins
• FERI study
• dollar dominance
• MiCAR
• GENIUS Act
• reserve risks
• agentic AI

Mentioned in this episode

Organizations: FERI, MiCAR, GENIUS Act

More episodes of Bitcoin, Fiat & Rock'n'Roll

• From PayPal to Stellar: The Journey of Jose Fernandez da Ponte · June 7, 2026 · 46 min
• Stablecoins in Europe: Consortia Bulls vs. Central Bank Bears | Monthly Briefing · May 31, 2026 · 1h 2m
• The Convergence of Capital Markets and Blockchain · May 24, 2026 · 60 min
• From Libra to Legitimacy: Circle's Stablecoin R(e)volution · May 17, 2026 · 51 min
• How Europe Is Rewriting Financial Rules for DLT: MISP overview · May 10, 2026 · 40 min
• Satoshi Unmasked, Bhutan's Bitcoin Exit & Europe's Stablecoin Push | Monthly Briefing · May 3, 2026 · 1h 2m