💶 New MiCA regulations are coming to power in Europe! According to JPMorgan, these rules will strengthen euro-based stablecoins.

- MiCA only allows compliant stablecoins to be used in regulated markets. This has led exchanges to update their offerings.

- Circle’s EURC is gaining strength, while Tether’s EURT is struggling.

- Tether has to hold reserves and obtain licenses in Europe. That’s why it’s discontinuing EURT.

- However, Tether remains strong in Asia and has a presence in Europe with MiCA-compliant investments.

💬 How do you think these changes will affect the market? Let’s meet in the comments!