BlockBeats News, May 22nd. According to The Block, JPMorgan Chase analysts stated that despite the gradual progress of the US stablecoin regulatory framework, the market's expectation of the total supply of stablecoins increasing three to four times from the current level of about $240 billion to close to a trillion dollars within the next one to two years is "overly optimistic."
Among the two stablecoin bills proposed in the US—the Senate's GENIUS Act and the House's STABLE Act—the former currently has more support. Just earlier this week, the Senate voted to advance the GENIUS Act.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.