JPMorgan: The rise of ETH may continue as Wall Street stablecoin issuance drives ecological growth

According to news from a certain trading platform, JPMorgan stated in a report on Thursday that as Wall Street begins to issue a large amount of stablecoins within the Ethereum ecosystem, the recent outperformance of ETH may continue.

According to analysts at the firm, a series of dollar-pegged tokens—following the passage of the "GENIUS Act" last month, which provides a regulatory framework for stablecoins—are expected to impact the price of Ethereum, even if these assets are issued on a layer two network rather than directly on the Ethereum main chain.

Analysts say: We believe that Ethereum is becoming a direct way to access the expected rapid growth opportunities of stablecoins, as the Ethereum network hosts most of these stablecoin assets, whether directly hosted as L1 or indirectly hosted through some L2.

ETH-2.43%
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LightningPacketLossvip
· 2m ago
Not bad, not bad. Shorted.
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MetaMuskRatvip
· 08-14 17:13
He is the king of ETH.
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AlphaLeakervip
· 08-14 17:11
I made 30,000 and am ready to Rug Pull.
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GasFeeCryvip
· 08-14 17:09
If you sell ETH, you will regret it for a lifetime.
View OriginalReply0
DeadTrades_Walkingvip
· 08-14 16:55
Be Played for Suckers by scamcoin, invest cautiously
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