The report also said the amount of “idle cash” within stablecoins is hard to calculate, but it is unlikely to “represent the majority of the stablecoin universe.” For this reason, tokenized treasuries, such as Blackrock’s BUIDL, will likely only replace a small part of the stablecoin market, JPMorgan noted.
Related posts
-
Qatar Tech Firm Launches Platform for Tokenized Islamic Finance Contracts
Blade Labs, a Qatari tech company, has launched a... -
BRICS Isn’t Anti-West but Won’t Tolerate Western Currency Domination, Russian Official Says
BRICS has condemned Western economic dominance and currency control... -
Wall Street Financial Services Firm Lazard Plans to Create Tokenized Funds with Bitfinex Securities
The tokenized funds will be set up and issued under Kazakhstan’s financial services law, under regulatory...