JPMorgan noted that the EU’s Markets in Crypto-Assets (MiCA) regulation could significantly boost the adoption and development of euro-denominated stablecoins. The MiCA regulation, which aims to create a comprehensive regulatory framework for cryptocurrencies within the EU, is expected to provide clarity and stability, which could encourage more issuers to develop euro-denominated stablecoins. This development could strengthen the euro’s position in the crypto space and provide more options for users seeking stable digital assets.