JPMorgan Highlights Ethereum's Potential to Drive Next Crypto Boom
TL;DR Summary
The stablecoin supply on Ethereum has reached an all-time high of $130 billion, driven by increased activity across multiple blockchains and recent U.S. regulatory clarity. This surge in stablecoin liquidity, along with capital rotation from Bitcoin and growing reserves in the U.S., could potentially trigger a new altcoin rally, especially if stablecoin dominance declines further and Bitcoin's dominance continues to fall.
- How $130B in Ethereum stablecoins could unleash the next altcoin frenzy AMBCrypto
- J.P. Morgan analysts issue bullish verdict on Ethereum’s rally Yahoo Finance
- Ethereum Suited for 'Meteoric' Stablecoin Growth, JPMorgan Says Decrypt
- Banks Launching Stablecoins Could Become ETH's Biggest Holders in 2025, Says Lex Sokolin - Gas Demand and Liquidity Outlook Blockchain News
- July's Crypto Market Cap Surge to $3.7T Was Led by Ether: JPMorgan CoinDesk
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