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JPMorgan Warns of Intensifying Stablecoin Competition as Circle Faces New Rivals

JPMorgan Warns of Intensifying Stablecoin Competition as Circle Faces New Rivals

Published:
2025-09-19 11:58:03
14
3
BTCCSquare news:

JPMorgan analysts highlight mounting pressure on Circle's USDC as Tether prepares to launch a GENIUS Act-compliant USAT stablecoin and Hyperliquid rolls out USDH. Fintech firms like Robinhood and Revolut further crowd the $278 billion market, which risks becoming a zero-sum game without broader crypto expansion.

Tether's institutional-focused USAT aims to leverage regulatory compliance as a competitive edge, while Hyperliquid's USDH threatens near-term market share erosion. Stablecoins now represent just 8% of total crypto capitalization—a ratio stagnant since 2020.

|Square

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