Odaily Planet Daily News: JPMorgan Chase said that the EU MiCA rules may benefit euro-denominated stablecoins. According to the new regulations, only compliant stablecoins can be used as trading pairs in regulated markets, but JPMorgan Chase said that Tether is still the dominant force in the global stablecoin market. However, MiCA rules may lead to the continuous strengthening of compliant stablecoins such as Circle's EURC, while non-compliant stablecoins such as Tether's EURT face challenges. Stablecoin issuers such as Tether must keep large reserves in European banks and must obtain trading licenses. (Coindesk)