š Exciting times for euro-denominated stablecoins as the EU's MiCA regulations shake up the market! JPMorgan reports that compliant coins like Circle's EURC are gaining traction, while Tether's EURT faces hurdles. š¶
Under MiCA, stablecoin issuers must hold significant reserves in European banks and secure trading licenses. This has led to Tether phasing out EURT and delisting USDT in the EU. Yet, Tether remains a powerhouse globally, especially in Asia.
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