JPMorgan downplays stablecoin threat as local bankers warn of $6.6 trillion risk

JPMorgan has minimized concerns regarding the threat posed by stablecoins, despite warnings from local bankers about a potential $6.6 trillion risk to the financial system. The bank's analysts argue that the impact of stablecoins on traditional banking is manageable and that their growth is unlikely to disrupt the broader financial landscape. In contrast, local bankers express fears that the rise of stablecoins could lead to significant instability and challenges for regulatory frameworks. The differing perspectives highlight ongoing debates about the integration of digital currencies into the existing financial system.

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