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.
