JPMorgan: New Stablecoins Set to Compete with Circle’s USDC in US Market

TLDR JPMorgan analysts report that Circle’s USDC faces growing competition from Tether, Hyperliquid, and fintech companies entering the stablecoin market. Tether plans to launch USAT, a stablecoin fully compliant with the GENIUS Act, aiming to enhance institutional trust and reduce reliance on third-party banks. Hyperliquid is preparing to introduce USDH, a new stablecoin that could [...]

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