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TechFlow news, on January 10, according to The Block, JPMorgan analysts stated in a recent report that the implementation of the EU's MiCA regulation is expected to increase the market share of euro-denominated stablecoins. Currently, euro stablecoins account for only 0.12% of the stablecoin market, but MiCA will encourage European banks and financial institutions to adopt euro stablecoins for customer services and blockchain settlements.
According to The Block, JPMorgan analysts noted in a recent report that the implementation of the EU's MiCA regulation is expected to increase the market share of euro-denominated stablecoins. Currently, euro stablecoins account for only 0.12% of the stablecoin market, but MiCA will encourage European banks and financial institutions to adopt euro stablecoins for customer services and blockchain-based settlements.
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