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

JPMorgan has minimized concerns regarding the potential threat posed by stablecoins, despite warnings from local bankers about a significant risk of $6.6 trillion to the financial system. The bank's analysts believe that the impact of stablecoins on traditional banking is manageable and that their growth can be accommodated within existing regulatory frameworks. In contrast, local bankers are urging for more stringent oversight, citing the volatility and potential destabilizing effects of stablecoins. The contrasting views highlight ongoing debates about the role of digital currencies in the financial ecosystem.

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