logo

JPMorgan: Ethereum Ecosystem Stablecoin Scale Continues to Grow, Driving Continued ETH Upside

By: theblockbeats.news|2025/08/14 17:52:02

BlockBeats News, August 15th, JPMorgan Chase pointed out in a report on Thursday that as Wall Street begins to issue a large number of stablecoins within the Ethereum ecosystem, ETH's recent outperformance may continue.


According to the bank's analysts, a series of USD-pegged tokens—following last month's "GENIUS Act," which provided a regulatory framework for stablecoins—are expected to impact the price of Ethereum, even though these assets are issued on layer-two networks rather than directly on the Ethereum main chain.


The analysts stated: "We believe that Ethereum is emerging as the pathway to directly access the high-growth opportunity of stablecoins, as the Ethereum network hosts most of these stablecoin assets, whether as L1 directly hosted or via L2 partially hosted."

Abu Dhabi sovereign wealth fund Mubadala has disclosed holding $534 million worth of the BlackRock Bitcoin Futures ETF as of June 30th.
Trump: Inflation has dropped to the perfect level, almost no inflation

You may also like

Share
copy

Gainers

Latest Crypto News

03:45

"The 'BTC OG Insider Whale' has completely closed their ETH long position, realizing a profit of approximately $840,000."

03:45

ZEC briefly dropped below $450, marking a 10.87% decrease in the last 24 hours.

03:45

Animoca Brands plans to expand its investment focus next year to include the stablecoin sector

03:45

Market News: CME Commodity Futures Trading Halt

03:15

A Whale Address's ZEC Long Position Liquidated, Resulting in Approximately $1.59 Million in Losses

Read more
Community
icon
icon
icon
icon
icon
icon
icon
icon

Customer Support@weikecs

Business Cooperation@weikecs

Quant Trading & MM[email protected]

VIP Services[email protected]