โA lot of the stablecoin issuers will be, or will purport to be, completely decentralized, therefore without any point of decision or issuanceโ and hence unable to meet MiCA strictures, Thomas Vogel, a partner at law firm Latham & Watkins, said. โThis has become a sort of threshold question for a lot of the people we talk to, and as far as I can tell there is not much guidance.โ
