Does JPMorgan support Hyperliquid instead of Circle to lead the financial future?
Source: CoinWorld
Time: 2025-09-19 19:53:58
Tether is about to launch USAT, a stablecoin that complies with U.S. law and complies with the GENIUS Act, and its assets are held by Anchorage Digital. JPMorgan Chase analysts led by Nikolaos Panigirtzoglou warned that the issuance, along with Hyperliquid's USDH and other fintech coins, will put pressure on Circle. Meanwhile, Robinhood and Revolut are rumored to be developing internal stablecoins, which will further challenge Circle's Arc blockchain strategy. Despite the high-profile view, stablecoin market growth has stagnated, which has been below 8% of the total cryptocurrency market capitalization since 2020. JPMorgan warns that real expansion depends on the overall growth of the cryptocurrency industry.