bitcoin
Bitcoin (BTC) $ 68,579.37
ethereum
Ethereum (ETH) $ 2,426.21
tether
Tether (USDT) $ 0.999458
bnb
BNB (BNB) $ 558.36
xrp
XRP (XRP) $ 0.508144
cardano
Cardano (ADA) $ 0.329953
usd-coin
USDC (USDC) $ 1.00
matic-network
Polygon (MATIC) $ 0.297279
binance-usd
BUSD (BUSD) $ 0.996299
dogecoin
Dogecoin (DOGE) $ 0.165879
okb
OKB (OKB) $ 37.34
polkadot
Polkadot (DOT) $ 3.81
shiba-inu
Shiba Inu (SHIB) $ 0.000017
tron
TRON (TRX) $ 0.162559
uniswap
Uniswap (UNI) $ 6.90
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 68,495.35
dai
Dai (DAI) $ 1.00
litecoin
Litecoin (LTC) $ 66.83
staked-ether
Lido Staked Ether (STETH) $ 2,425.23
solana
Solana (SOL) $ 160.25
avalanche-2
Avalanche (AVAX) $ 23.09
chainlink
Chainlink (LINK) $ 10.47
cosmos
Cosmos Hub (ATOM) $ 4.00
the-open-network
Toncoin (TON) $ 4.60
ethereum-classic
Ethereum Classic (ETC) $ 17.89
leo-token
LEO Token (LEO) $ 6.07
filecoin
Filecoin (FIL) $ 3.34
bitcoin-cash
Bitcoin Cash (BCH) $ 334.62
monero
Monero (XMR) $ 160.42
Tuesday, November 5, 2024
bitcoin
Bitcoin (BTC) $ 68,579.37
ethereum
Ethereum (ETH) $ 2,426.21
tether
Tether (USDT) $ 0.999458
bnb
BNB (BNB) $ 558.36
usd-coin
USDC (USDC) $ 1.00
xrp
XRP (XRP) $ 0.508144
binance-usd
BUSD (BUSD) $ 0.996299
dogecoin
Dogecoin (DOGE) $ 0.165879
cardano
Cardano (ADA) $ 0.329953
solana
Solana (SOL) $ 160.25
matic-network
Polygon (MATIC) $ 0.297279
polkadot
Polkadot (DOT) $ 3.81
tron
TRON (TRX) $ 0.162559
HomeNewsFinanceTokenized Treasuries Like Blackrock's BUIDL Will Problem Stablecoins However Will not Absolutely...

Tokenized Treasuries Like Blackrock’s BUIDL Will Problem Stablecoins However Will not Absolutely Exchange Them: JPMorgan

Tokenized treasuries will not totally exchange stablecoins, JPMorgan mentioned.

Stablecoins have a regulatory benefit as a result of they don’t seem to be categorized as securities, the report famous.

Liquidity in stablecoins can also be a lot increased than tokenized treasuries, the financial institution mentioned.

Stablecoins are unlikely to be totally changed by tokenized treasuries, JPMorgan (JPM) mentioned in a analysis report Thursday.

It’s “conceivable” that over time, tokenized treasuries may exchange a lot of the money sitting unused inside stablecoins, the report mentioned.

Nonetheless, the financial institution mentioned a full alternative of stablecoins appears unlikely. It is because tokenized treasuries are at a regulatory drawback on account of their classification as securities. This implies they’re topic to extra restrictions than stablecoins, limiting their use as collateral within the wider crypto ecosystem

The report additionally mentioned the quantity of “idle money” inside stablecoins is difficult to calculate, however it’s unlikely to “signify the vast majority of the stablecoin universe.” Because of this, tokenized treasuries, equivalent to Blackrock’s BUIDL, will probably solely exchange a small a part of the stablecoin market, JPMorgan famous.

A stablecoin is a sort of crypto designed to carry a gradual worth and is often pegged to the U.S. greenback, although different currencies and commodities equivalent to gold are additionally used.

The financial institution famous that stablecoins at present have a big benefit over tokenized treasuries relating to liquidity. With a complete market of virtually $180 billion throughout many blockchains and centralized exchanges (CEX), stablecoins supply low transaction charges even on bigger trades.

“This deep liquidity helps seamless buying and selling,” analysts led by Nikolaos Panigirtzoglou wrote.

Tokenized treasuries, in distinction, have a lot decrease liquidity, the financial institution famous, including that this drawback might reduce over time because the merchandise acquire extra traction.

Learn extra: Stripe’s Acquisition of Bridge Validates the Utilization of Stablecoins: Bernstein

Tokenized Treasuries Like Blackrock’s BUIDL Will Problem Stablecoins However Will not Absolutely Exchange Them: JPMorgan

RELATED ARTICLES

Most Popular