[Blockchain News] JPMorgan Chase's latest report: The reason behind the growth of stablecoin supply is actually like this👇

JPMorgan Chase's latest research report pointed out that the growth of stablecoin supply does not mean that it is eroding the market share of cryptocurrencies. On the contrary, it reflects the increase in the total market value of digital assets📈.

The report also mentioned that the sharp rise in the prices of Bitcoin and Ethereum is the main reason for the growth of the stablecoin market. In addition, since the launch of the spot Bitcoin ETF in the United States in January this year, investors' demand for using stablecoins to enter the crypto market has also increased.

What do you think about the future development of stablecoins? Welcome to share your views in the comment area!