JP Morgan: Growth in stablecoin supply has not eroded cryptocurrency market share

The latest research report from JP Morgan points out that the supply of stablecoins has been growing, but this expansion does not mean that it is occupying the market share of cryptocurrencies, on the contrary, it is a sign of the increase in the total market capitalization of digital assets. The report also points out that the reasons for the growth of the stablecoin market include the sharp rise in the price of Bitcoin and Ethereum, which led to the increase in the market capitalization of the crypto market, thus driving the growth of stablecoin supply. In addition, since the launch of spot Bitcoin exchange-traded funds (ETFs) in the United States in January this year, investors have increasingly used stablecoins to enter the cryp