JPMorgan Chase: Tokenized Treasury Bonds Will Challenge Stablecoins But Will Not Completely Replace Them
Morgan Stanley analysts have stated that the tokenization of national debt markets is growing, and tokenized US government bonds are becoming popular as a substitute for stablecoins. However, the analysts pointed out that regulatory restrictions and liquidity issues suggest that tokenized government bonds may only partially replace stablecoins. The analysts also noted that large stablecoin issuers such as Tether (USDT) and Circle (USDC) do not share reserve profits with users, which not only reduces their income but also classifies stablecoins as securities. This classification would subject them to strict regulatory oversight, which could limit their use as collateral assets in the cryptocurrency market.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
CandyBomb x UAI: Trade futures to share 200,000 UAI!
New spot margin trading pair — KITE/USDT, MMT/USDT!
STABLEUSDT now launched for pre-market futures trading
The transaction fees for Bitget stock futures will be adjusted to 0.0065%
