Stablecoin & New regulations from the EU – $USDC will it be affected?

Recently, information about the EU tightening regulations on privacy coins has caught the attention of the crypto community. However, what is noteworthy is that some stablecoins may indirectly be affected if categorized as needing transparency in cash flow monitoring.

$USDC is well-known for its transparency and is audited regularly. But if the EU's new regulations tighten user privacy and self-management of assets, many may shift to more decentralized storage methods.

Personally, I still believe $USDC will remain in the 'well-compliant' asset group. However, this also serves as a wake-up call to diversify portfolios and not keep all capital in one type of stablecoin.

#EUPrivacyCoinBan