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

JPMorgan has downplayed the potential threat posed by stablecoins to the traditional banking sector, despite warnings from local bankers about a significant risk of $6.6 trillion. The bank's analysts believe that the impact of stablecoins on the financial system is manageable and that their growth may not disrupt existing banking operations. In contrast, local bankers express concerns that the rise of stablecoins could lead to substantial financial instability and regulatory challenges. The differing perspectives highlight the ongoing debate about the role of digital currencies in the economy.

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