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J.P. Morgan analysts issue bullish verdict on Ethereum’s rally
J.P. Morgan analysts described Ethereum as one of the most direct ways to benefit from the rapid growth of stablecoins. “We think Ether is emerging as a direct way to gain exposure to the expected meteoric growth in stablecoins as the Ethereum network hosts most of these stablecoin assets,” the analysts said in an August 14 client note. Stablecoins are dollar-pegged digital tokens like USDT and USDC — have become a bedrock of crypto transactions, with more than $264 billion in total market capitalization. Ethereum remains the dominant network for these assets, powering a significant share of their transaction ... (full story)
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