coindesk
U.S. Stablecoin Battle Could Be Zero-Sum Game: JPMorgan
TL;DR
JPMorgan notes that the stablecoin sector, valued at $270 billion, could face a zero-sum game with new U.S. stablecoin launches unless the overall crypto market expands. Tether plans to introduce USAT, a U.S.-compliant stablecoin, while Circle is facing competition from players like Hyperliquid, PayPal, Robinhood, and Revolut.
Summary
JPMorgan notes that the stablecoin sector, valued at $270 billion, could face a zero-sum game with new U.S. stablecoin launches unless the overall crypto market expands. Tether plans to introduce USAT, a U.S.-compliant stablecoin, while Circle is facing competition from players like Hyperliquid, PayPal, Robinhood, and Revolut.
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