Crypto

Tokenized Treasuries Like Blackrock’s (BLK) BUIDL Will Challenge Stablecoins But Won’t Fully Replace Them, JPMorgan (JPM) Said

A recent report from JPMorgan discussed the difficulties in estimating the amount of “idle cash” held within stablecoins. According to the report, this figure is challenging to calculate accurately, but it is believed to be a relatively small portion of the stablecoin market.

The report also mentioned that tokenized treasuries, like Blackrock’s BUIDL, are unlikely to replace a significant portion of the stablecoin market. While these assets may offer some benefits, they are not expected to dominate the stablecoin space.

Overall, the report suggests that while there are challenges in quantifying idle cash in stablecoins, it is unlikely to have a major impact on the stability and function of the overall stablecoin market.

Carmen Brooke Martin

Finance Analyst Hello, my name is Carmen Brooke Martin and I am an expert finance journalist with a master's degree from New York University in Business and Economics. I'm passionate about helping startups spread the word, discover and promote great projects in the crypto and fintech industry. What I am working on is to provide basic cryptocurrency education and benefits to the crypto community through video tutorials and written content. As a business developer, I help crypto projects structure and create a whitepaper that can stir investors' interest, advice on marketing strategies and promotions.

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