MiCA 法規可能會提振歐元計價的穩定幣：摩根大通

摩根大通 (JPM) 在周三的研究報告中表示，12 月 30 日生效的歐盟 MiCA 法規可能會提振以歐元計價的穩定幣。

The EU's MiCA regulations, which came into effect on Dec. 30, will likely boost euro denominated stablecoins, JPMorgan said in a research report on Wednesday.

摩根大通週三在一份研究報告中表示，歐盟 MiCA 法規於 12 月 30 日生效，可能會提振以歐元計價的穩定幣。

"Under MiCA, only compliant stablecoins can be used as trading pairs in regulated markets, prompting EU exchanges to adjust their offerings," analysts led by Nikolaos Panigirtzoglou wrote.

Nikolaos Panigirtzoglou 領導的分析師寫道：“根據 MiCA，只有合規的穩定幣才能在受監管市場中用作交易對，這促使歐盟交易所調整其產品。”

This has resulted in compliant stablecoins such as Circle's EURC gaining strength, whereas non-compliant stablecoins like Tether's EURT faced challenges, the Wall Street bank said.

這家華爾街銀行表示，這導致 Circle 的 EURC 等合規穩定幣實力增強，而 Tether 的 EURT 等不合規穩定幣則面臨挑戰。

A stablecoin is a type of crypto designed to hold a steady value and is usually pegged to the U.S. dollar, though other currencies and commodities such as gold are also used.

穩定幣是一種旨在保持穩定價值的加密貨幣，通常與美元掛鉤，但也使用其他貨幣和大宗商品，例如黃金。

Under the new rules stablecoin issuers such as Tether are required to maintain significant reserves in banks based in Europe and must secure licenses for trading, the report noted.

報告指出，根據新規定，Tether 等穩定幣發行人必須在歐洲銀行保留大量儲備，並且必須獲得交易許可證。

This has led Tether to discontinue its EURT stablecoin and has resulted in the delisting of USDT from a number of exchanges based in the EU, JPMorgan said.

摩根大通表示，這導致 Tether 停止推出 EURT 穩定幣，並導致 USDT 從歐盟多家交易所下架。

The stablecoin issuer said in November that it would phase out its euro stablecoin, with users able to redeem tokens for up to 12 months.

該穩定幣發行人去年 11 月表示，將逐步淘汰歐元穩定幣，用戶可以在最長 12 個月內兌換代幣。

Still, Tether remains a "dominant force" in the global stablecoin market in spite of these challenges, the bank said, adding that is widely used in Asian markets where there are less restrictions.

該銀行表示，儘管面臨這些挑戰，Tether 仍然是全球穩定幣市場的“主導力量”，並補充說，Tether 在限制較少的亞洲市場被廣泛使用。

Tether's investment in MiCA-compliant stablecoin issuers such as Quantoz Payments shows it commitment to maintaining a presence in the EU, the report added.

報告補充說，Tether 對 Quantoz Payments 等符合 MiCA 的穩定幣發行商的投資表明了其維持在歐盟業務的承諾。

The company said in December that it had also invested in European stablecoin issuer StablR.

該公司去年 12 月表示，也投資了歐洲穩定幣發行商 StablR。