The adoption of stablecoins could generate an additional US$1.4 trillion in demand for US dollars by 2027, if enough overseas investors wanted to own these digital assets, analysts at JPMorgan (JPM) said in a note on Tuesday.
The potential increase in dollar demand underlines the importance of the burgeoning stablecoin market in traditional finance. JPMorgan believes that rather than accelerating de-dollarisation, the growth in stablecoin adoption has the potential to reinforce the dollar’s role…The adoption of stablecoins could generate an additional US$1.4 trillion in demand for US dollars by 2027, if enough overseas investors wanted to own these digital assets, analysts at JPMorgan (JPM) said in a note on Tuesday.
The potential increase in dollar demand underlines the importance of the burgeoning stablecoin market in traditional finance. JPMorgan believes that rather than accelerating de-dollarisation, the growth in stablecoin adoption has the potential to reinforce the dollar’s role…  Read More ​Business – South China Morning Post