JPMorgan: ETH performance exceeds expectations, Wall Street stablecoins may drive continuous rise

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On August 15, Block Rhythm reported that JPMorgan pointed out in a report on Thursday that as Wall Street begins to issue a large number of stablecoins within the Ethereum ecosystem, the recent outperformance of ETH may continue.

According to analysts at the bank, a series of tokens pegged to the dollar—following the passage of the "GENIUS Act" last month, which provides a regulatory framework for stablecoins—are expected to impact the price of Ethereum, even if these assets are issued on layer two networks rather than directly on the Ethereum main chain.

Analysts stated: "We believe that Ethereum is becoming a way to directly access the expected rapid growth opportunities of stablecoins, as the Ethereum network hosts most of these stablecoin assets, whether directly hosted as L1 or indirectly hosted through some L2."

ETH3.46%
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PseudoIntellectualvip
· 4h ago
Looking at ETH in next year's bull run!
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Fren_Not_Foodvip
· 08-16 10:41
The price of this coin has risen to the sky.
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OptionWhisperervip
· 08-15 22:22
You weren't shouting about the bull and bear, the bull has already arrived!
View OriginalReply0
liquiditea_sippervip
· 08-14 17:24
It's not a dream to gain 20 points in ETH in a day.
View OriginalReply0
RektButStillHerevip
· 08-14 17:24
Goodness, should we really invest in ETH?
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OffchainOraclevip
· 08-14 17:07
Start moving bricks
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PensionDestroyervip
· 08-14 16:57
It's done, still worried that ETH won't go up.
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LeekCuttervip
· 08-14 16:56
When the bull run comes, who will still be a sucker?
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