JPMorgan Chase expects the market share of yield-generating stablecoins to grow from 6% to 50%
analysts at JPMorgan Chase said that income stablecoins, including tokenized government bonds, may see significant growth in the future. JPMorgan Chase managing director Nikolaos Panigirtzoglou and other analysts wrote in a report released on Wednesday that income stablecoins currently only account for 6% of the total stablecoin market value, but could see a significant expansion, potentially capturing up to 50% of the market share unless regulations change. Traditional stablecoins (such as Tether's USDT and Circle's USDC) do not share reserve income with users, as doing so would classify these assets as securities. They stated that this classification would also impose additional compliance requirements, hindering their seamless use as collateral in the current cryptocurrency ecosystem.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Altcoin volumes are ‘more concentrated’ than ever
Altcoin trade volume has returned to pre-FTX levels, but with a shrinking pool of market leaders

XRP price sell-off set to accelerate in April as inverse cup and handle hints at 25% decline
US Treasury Targets Houthi Crypto Wallets, Financial Network
Securitize Reports Highest-Ever Dividend of $4.17 Million for Tokenized Treasury Product
Trending news
MoreCrypto prices
More








