Stablecoin Adoption Sees 15% Surge as Number of Holders Inches Close to 100M
Despite their dominance in active address counts, TRON and BSC pale in comparison to Ethereum and Solana in terms of transfer volumes.
stablecoin
Despite their dominance in active address counts, TRON and BSC pale in comparison to Ethereum and Solana in terms of transfer volumes.
Reps. Patrick McHenry and Maxine Waters have been very consistent in their bid to see a stablecoin bill passed into law.
Considering Ripple’s position and reputation in the crypto ecosystem, the new stablecoin is likely to be a tough rival for USDT and USDC.
Sony’s attempt to perform its stablecoin trial on Polygon’s blockchain is significant as the network boasts a huge user base, thus allowing the firm to optimize the advancement and potency of the project.
Beyond stablecoins, the report also touches upon the sentiment within the crypto market, noting that the fear and greed index entered the “extreme greed” territory in late February.
JPMorgan’s report suggests that stablecoin issuers adhering closely to existing regulations stand to benefit from impending regulatory scrutiny.
Analysts believe that any Bitcoin-based projects at this time will not only “rival the speed and cost” of alternatives but also retain the undeniable stability of the Bitcoin infrastructure.
Latin America has identified that regulated, blockchain-based financial services will soon be the order of the day.
Unlike what JPMorgan offers with its JPM Coin, the EUR ConVertible will be available for trading, thus opening up immediate access for a wide range of investors.
Issued natively on the Ethereum and BNB Chain, AEUR intends to add support for more blockchains in the near future.