JPMorgan Chase - the largest bank in the United States - has recently stated that stablecoin will experience explosive growth in the near future, with Ethereum (ETH) being the most prominent platform capturing this trend.
According to the latest sharing from the blockchain community on the X platform, JPMorgan believes that stablecoin is not just a quick and cost-effective trading tool, but is gradually becoming an important bridge between the traditional financial system and the cryptocurrency world. In the current blockchain ecosystem, most stablecoins are issued and stored directly on the Ethereum network, whether in Layer 1 or through Layer 2 expansion solutions. This helps Ethereum maintain a central position in the global stablecoin market.
This development is not coincidental. In recent years, the demand for stable transactions, avoiding significant price fluctuations from cryptocurrencies like Bitcoin, has been increasing. Stablecoins, linked to the value of USD or other stable assets, have become the top choice for businesses and investors. With Ethereum being the hub for most stablecoin volumes such as USDT, USDC, or DAI, this ecosystem increasingly proves its role as a key digital financial infrastructure.
Another notable point is the connection between this trend and changes in US financial policy during Donald Trump's presidency. After being re-elected at the end of 2024, the Trump administration showed a more open stance towards financial and blockchain innovation. Despite ongoing debates, many experts believe this flexibility could create momentum to promote wider stablecoin acceptance in the US economy, from cross-border payments to financial solutions for small and medium enterprises.
Additionally, JPMorgan, which has been a pioneer in applying blockchain to interbank payments, is also experimenting with its own stablecoin models. Analysts suggest that when a massive traditional financial institution like JPMorgan publicly acknowledges the "exponential" growth potential of stablecoins, it further reinforces the belief that this market is preparing to boom.
In summary, JPMorgan Chase believes that Ethereum is playing a backbone role in the global stablecoin ecosystem, and with indirect support from major financial institutions and the new policy environment in the US, stablecoins may soon become an essential part of the modern financial system.
