MiCA 法规可能会提振欧元计价的稳定币：摩根大通

摩根大通 (JPM) 在周三的一份研究报告中表示，12 月 30 日生效的欧盟 MiCA 法规可能会提振以欧元计价的稳定币。

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.

摩根大通周三在一份研究报告中表示，欧盟 MiCA 法规于 12 月 30 日生效，可能会提振以欧元计价的稳定币。

"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 领导的分析师写道：“根据 MiCA，只有合规的稳定币才能在受监管市场中用作交易对，这促使欧盟交易所调整其产品。”

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.

这家华尔街银行表示，这导致 Circle 的 EURC 等合规稳定币实力增强，而 Tether 的 EURT 等不合规稳定币则面临挑战。

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.

稳定币是一种旨在保持稳定价值的加密货币，通常与美元挂钩，但也使用其他货币和大宗商品，例如黄金。

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.

报告指出，根据新规定，Tether 等稳定币发行人必须在欧洲银行保留大量储备，并且必须获得交易许可证。

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，这导致 Tether 停止推出 EURT 稳定币，并导致 USDT 从欧盟多家交易所下架。

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.

该稳定币发行人去年 11 月表示，将逐步淘汰欧元稳定币，用户可以在最长 12 个月内兑换代币。

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.

该银行表示，尽管面临这些挑战，Tether 仍然是全球稳定币市场的“主导力量”，并补充说，Tether 在限制较少的亚洲市场被广泛使用。

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.

报告补充说，Tether 对 Quantoz Payments 等符合 MiCA 的稳定币发行商的投资表明了其维持在欧盟业务的承诺。

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

该公司去年 12 月表示，还投资了欧洲稳定币发行商 StablR。