In a new report, JPMorgan Chase stated that tokenised money market funds still account for only around 5% of the total stablecoin market despite their ability to generate yield. The bank noted that participants in the cryptocurrency market continue to prefer stablecoins because they have become the primary monetary instrument of the ecosystem for trading, collateral management, settlements, cross-border payments, and liquidity management across centralised exchanges (CEXs) and decentralised finance (DeFi) protocols.

The popularity of stablecoins continues to grow steadily, but this trend does not necessarily imply a proportional increase in their total market capitalization. This was reported by The Block, citing analysts from JPMorgan.

A significant influx of new users who were previously not involved with digital assets is being observed in the crypto market, according to a report by JPMorgan. They noted that traditional investors and traders are increasingly turning to platforms such as the decentralized exchange (DEX) Hyperliquid.

Over the past few days, selling pressure on major cryptocurrencies has eased and coin prices have stabilized, experts noted.

Bitcoin’s volatility also significantly increases the vulnerability of Strategy, which, as the largest corporate holder of the first cryptocurrency, owns nearly $60 billion worth of BTC, the bank’s analysts reminded. The company is experiencing difficulties covering operating expenses and servicing its debt. If the price of the first cryptocurrency continues to fall, Strategy may face the need for forced sales of part of its bitcoins, according to JPMorgan.

Other

JPMorgan Chase is expanding its blockchain operations by launching JPM Coin on Base, the network developed by Coinbase. This will allow institutional clients to send and receive U.S. dollar payments within seconds, operating 24/7 without waiting for banks to open.

JPMorgan Chase’s share in the iShares Bitcoin Trust ETF, owned by BlackRock, increased by 64.26%.

According to banking experts, the sharp drop in Bitcoin’s price on October 10–11 and November 4–5 was caused by an “unhealthy and unstable background” in the derivatives market.

Jamie Dimon described the project as part of the bank’s strategy to integrate blockchain technology into financial services. According to the CEO, the bank can no longer stay away from the growing digital asset market, which reached a capitalization of $263 billion by mid-2025.