According to JPMorgan analysts, the European Union's landmark Crypto Asset Market (MiCA) regulation, which comes into effect on December 30, 2024, could boost the market share of euro-pegged stablecoins. Currently, euro-pegged stablecoins account for just 0.12 percent of the stablecoin market share, but MiCA could improve the situation by encouraging European banks and Financial Institution Groups to adopt euro stablecoins for customer demand and blockchain-based financial settlements, JPMorgan analysts said in a report. Notable examples, analysts said, include Socie ́ te ́ Ge ́ ne ́ rale's EURCV stablecoin and BBVA's planned stablecoin launch in partnership with Visa.