JPMorgan Chase pointed out in a report on Thursday that ETH's recent outperformance is likely to continue as Wall Street begins to issue a large number of stablecoins within the Ethereum ecosystem.
According to analysts at the bank, a series of tokens pegged to the US dollar - which provides a regulatory framework for stablecoins following the passage of the GENIUS Act last month - are expected to affect the price of Ethereum, even if the assets are issued on a second-layer network rather than directly on the main chain.
"We believe that Ethereum is becoming a direct route to the expected high growth opportunities of stablecoins, as the Ethereum network hosts the majority of these stablecoins, either directly as L1 or indirectly through part of L2," the analyst said.
JP Morgan: Ethereum ecosystem stablecoin continues to grow or drive ETH to continue to rise
2025-08-14 17:00:06
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