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U.S. Stablecoin Battle Could Be Zero-Sum Game: JPMorgan

U.S. Stablecoin Battle Could Be Zero-Sum Game: JPMorgan

Author:
Coindesk
Published:
2025-09-19 14:24:03
14
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U.S. Stablecoin Battle Could Be Zero-Sum Game: JPMorgan

Wall Street's latest warning shot hits the crypto arena—JPMorgan analysts declare the escalating stablecoin competition a potential zero-sum battlefield.

The Regulatory Chessboard

Traditional finance giants and crypto-native players are locking horns over the $150+ billion stablecoin market. Everyone wants a piece of the action, but JPMorgan's analysis suggests there might not be enough pie to go around.

Winners and losers will emerge as regulatory frameworks solidify—because nothing says 'innovation' like watching billion-dollar institutions fight over who gets to issue digital IOUs.

The real question isn't who will dominate the stablecoin space, but whether the entire financial system will become collateral damage in this high-stakes turf war.

|Square

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