JPMorgan stated that the EU MiCA regulations may benefit euro-denominated stablecoins. According to the new regulations, only compliant stablecoins can be used as trading pairs in regulated markets. However, JPMorgan noted that Tether remains a dominant force in the global stablecoin market. Nevertheless, the MiCA regulations could lead to a continual strengthening of compliant stablecoins like Circle's EURC, while non-compliant stablecoins like Tether's EURT face challenges. (Coindesk)