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State of Stablecoins 2026: Architecture, Power, and Risk

Bitcoin, Fiat & Rock'n'Roll by Alexander Bechtel, Michael Blaschke, Jonas Gross, Manuel Klein

Apr 19, 202641:39Business

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.

About This Episode

State of Stablecoins 2026: Architecture, Power, and Risk is an episode from Bitcoin, Fiat & Rock'n'Roll by Alexander Bechtel, Michael Blaschke, Jonas Gross, Manuel Klein. Michael unpacks his new FERI study on stablecoins: the two-pillar mod...

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Published Apr 19, 2026, 41:39 long, audio available.

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